Invesco QQQ $QQQ Shares Acquired by Quantum Portfolio Management LLC

Quantum Portfolio Management LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 68.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,468 shares of the exchange traded fund’s stock after purchasing an additional 1,415 shares during the quarter. Quantum Portfolio Management LLC’s holdings in Invesco QQQ were worth $2,082,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Fifth Third Securities Inc. boosted its stake 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 buying an additional 2,822 shares in the last quarter. SK Wealth Management LLC acquired a new stake in Invesco QQQ in the 3rd quarter valued at about $803,000. Great Point Wealth Advisors LLC bought a new position in shares of Invesco QQQ during the 3rd quarter valued at about $507,000. BCGM Wealth Management LLC grew its stake in shares of 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 purchasing an additional 3,066 shares during the last quarter. Finally, Prospect Financial Services LLC raised its holdings in shares of 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 purchasing an additional 986 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

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Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $621.26 on Monday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The company has a 50 day moving average price of $616.40 and a 200 day moving average price of $596.07.

Invesco QQQ Increases Dividend

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

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.

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

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