Invesco QQQ $QQQ Shares Purchased by MML Investors Services LLC

MML Investors Services LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 905,369 shares of the exchange traded fund’s stock after purchasing an additional 13,055 shares during the quarter. Invesco QQQ comprises about 1.4% of MML Investors Services LLC’s portfolio, making the stock its 5th biggest position. MML Investors Services LLC owned approximately 0.14% of Invesco QQQ worth $556,177,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in QQQ. Brighton Jones LLC boosted its position in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares in the last quarter. Jupiter Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the 2nd quarter worth $290,000. Wealth Group Ltd. boosted its position in shares of Invesco QQQ by 283.7% in the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock worth $13,587,000 after purchasing an additional 18,210 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Invesco QQQ by 1,057.3% in the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock worth $18,239,000 after purchasing an additional 30,206 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key Headlines Impacting Invesco QQQ

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

Invesco QQQ Price Performance

Shares of QQQ opened at $721.34 on Monday. The stock has a 50-day moving average of $680.91 and a two-hundred day moving average of $635.39. Invesco QQQ has a one year low of $523.65 and a one year high of $748.65.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%.

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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