Olympiad Research LP Buys 1,287 Shares of Invesco QQQ $QQQ

Olympiad Research LP grew its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 55.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,601 shares of the exchange traded fund’s stock after acquiring an additional 1,287 shares during the quarter. Invesco QQQ comprises approximately 3.0% of Olympiad Research LP’s investment portfolio, making the stock its 5th largest position. Olympiad Research LP’s holdings in Invesco QQQ were worth $2,162,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Fifth Third Securities Inc. grew its holdings in Invesco QQQ by 2.6% during the third quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock valued at $65,959,000 after purchasing an additional 2,822 shares during the period. SK Wealth Management LLC purchased a new position in shares of Invesco QQQ during the 3rd quarter valued at $803,000. Great Point Wealth Advisors LLC bought a new position in shares of Invesco QQQ during the 3rd quarter worth $507,000. BCGM Wealth Management LLC increased its holdings in Invesco QQQ by 13.6% in the 2nd quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock worth $14,120,000 after acquiring an additional 3,066 shares during the last quarter. Finally, Prospect Financial Services LLC increased its holdings in Invesco QQQ by 9.1% in the 2nd quarter. Prospect Financial Services LLC now owns 11,765 shares of the exchange traded fund’s stock worth $6,490,000 after acquiring an additional 986 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ News Summary

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

Invesco QQQ Stock Up 1.4%

NASDAQ QQQ opened at $616.28 on Thursday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The firm’s 50-day simple moving average is $615.99 and its two-hundred day simple moving average is $597.04.

Invesco QQQ Increases Dividend

The firm also recently declared 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 represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, December 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69.

About Invesco QQQ

(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

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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