SFI Advisors LLC Makes New Investment in Invesco QQQ $QQQ

SFI Advisors LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,188 shares of the exchange traded fund’s stock, valued at approximately $713,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. 1832 Asset Management L.P. raised its holdings in Invesco QQQ by 100.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock worth $1,167,000 after purchasing an additional 40,999,982 shares during the last quarter. Symphony Financial Ltd. Co. bought a new stake in shares of Invesco QQQ in the 2nd quarter valued at $1,236,482,000. HRT Financial LP increased its position in shares of Invesco QQQ by 118.3% during the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after buying an additional 1,704,600 shares during the period. JPMorgan Chase & Co. increased its position in shares of Invesco QQQ by 42.4% during the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after buying an additional 1,457,109 shares during the period. Finally, Kensington Asset Management LLC raised its stake in Invesco QQQ by 2,124.5% during the second quarter. Kensington Asset Management LLC now owns 366,881 shares of the exchange traded fund’s stock worth $202,386,000 after buying an additional 350,388 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Down 0.1%

Shares of QQQ opened at $621.26 on Monday. The firm’s fifty day simple moving average is $616.40 and its two-hundred day simple moving average is $596.07. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a dividend of $0.7941 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd.

Invesco QQQ Company Profile

(Free Report)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

Further Reading

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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