Eagle Capital Management LLC Buys New Stake in Invesco QQQ Trust (NASDAQ:QQQ)

Eagle Capital Management LLC purchased a new position in shares of Invesco QQQ Trust (NASDAQ:QQQGet Rating) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 29,583 shares of the exchange traded fund’s stock, valued at approximately $7,906,000. Invesco QQQ Trust accounts for approximately 0.0% of Eagle Capital Management LLC’s investment portfolio, making the stock its 6th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in the stock. PrairieView Partners LLC increased its position in shares of Invesco QQQ Trust by 419.0% during the 2nd quarter. PrairieView Partners LLC now owns 109 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 88 shares in the last quarter. Birch Capital Management LLC acquired a new position in shares of Invesco QQQ Trust in the 2nd quarter worth approximately $35,000. Moisand Fitzgerald Tamayo LLC grew its position in Invesco QQQ Trust by 356.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 146 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 114 shares during the last quarter. Piscataqua Savings Bank acquired a new stake in Invesco QQQ Trust during the 2nd quarter valued at $45,000. Finally, Financial Management Professionals Inc. raised its position in Invesco QQQ Trust by 2,214.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 162 shares of the exchange traded fund’s stock valued at $45,000 after purchasing an additional 155 shares during the last quarter. 43.08% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trust Price Performance

Invesco QQQ Trust stock opened at $268.80 on Friday. The business’s fifty day moving average is $276.91 and its two-hundred day moving average is $288.09. Invesco QQQ Trust has a 52 week low of $254.26 and a 52 week high of $390.20.

Invesco QQQ Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Tuesday, December 20th were given a dividend of $0.655 per share. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.52. The ex-dividend date was Monday, December 19th. This represents a $2.62 annualized dividend and a yield of 0.97%.

About Invesco QQQ Trust

(Get Rating)

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

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

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