Thor Trading Advisors LLC Raises Stake in Invesco QQQ $QQQ

Thor Trading Advisors LLC increased its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 228.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,481 shares of the exchange traded fund’s stock after buying an additional 60,816 shares during the quarter. Invesco QQQ accounts for about 26.7% of Thor Trading Advisors LLC’s investment portfolio, making the stock its largest position. Thor Trading Advisors LLC’s holdings in Invesco QQQ were worth $52,521,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. JPMorgan Chase & Co. grew its holdings in 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 valued at $2,700,424,000 after purchasing an additional 1,457,109 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco QQQ by 0.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund’s stock valued at $1,778,116,000 after buying an additional 22,220 shares in the last quarter. HRT Financial LP grew its stake in shares of Invesco QQQ by 118.3% during the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock valued at $1,735,226,000 after acquiring an additional 1,704,600 shares during the period. Envestnet Asset Management Inc. increased its holdings in Invesco QQQ by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund’s stock worth $1,792,901,000 after acquiring an additional 64,025 shares in the last quarter. Finally, Symphony Financial Ltd. Co. bought a new stake in Invesco QQQ during the 2nd quarter worth approximately $1,236,482,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 2.1%

Shares of NASDAQ:QQQ opened at $609.65 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The firm’s 50 day simple moving average is $619.69 and its two-hundred day simple moving average is $602.00.

Invesco QQQ Increases Dividend

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

Key Headlines Impacting Invesco QQQ

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

Invesco QQQ 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.

See Also

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

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