Towercrest Capital Management Has $1.96 Million Holdings in Invesco QQQ $QQQ

Towercrest Capital Management boosted its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 37.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,193 shares of the exchange traded fund’s stock after buying an additional 867 shares during the quarter. Towercrest Capital Management’s holdings in Invesco QQQ were worth $1,961,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of QQQ. Sovran Advisors LLC raised its position in Invesco QQQ by 8.0% in the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after purchasing an additional 1,340 shares during the last quarter. Fifth Third Securities Inc. raised its position in Invesco QQQ by 2.6% in 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 last quarter. SK Wealth Management LLC bought a new position in Invesco QQQ in the third quarter valued at about $803,000. Corepath Wealth Partners LLC raised its position in Invesco QQQ by 19.7% in the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after purchasing an additional 1,436 shares during the last quarter. Finally, Great Point Wealth Advisors LLC bought a new position in Invesco QQQ in the third quarter valued at about $507,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 3.0%

Invesco QQQ stock opened at $606.09 on Thursday. Invesco QQQ has a 12 month low of $415.43 and a 12 month high of $637.01. The stock has a 50-day moving average price of $599.95 and a two-hundred day moving average price of $609.28.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.5%.

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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.

See Also

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

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