Balefire LLC Has $10.36 Million Position in Invesco QQQ $QQQ

Balefire LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 8.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,248 shares of the exchange traded fund’s stock after selling 1,506 shares during the quarter. Invesco QQQ comprises about 2.1% of Balefire LLC’s portfolio, making the stock its 5th biggest holding. Balefire LLC’s holdings in Invesco QQQ were worth $10,355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in QQQ. Brighton Jones LLC increased its holdings in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares during the last quarter. Nuveen LLC acquired a new position in shares of Invesco QQQ during the first quarter worth $10,316,000. Russell Investments Group Ltd. boosted its position in Invesco QQQ by 42.7% during the 1st quarter. Russell Investments Group Ltd. now owns 4,093 shares of the exchange traded fund’s stock worth $1,919,000 after buying an additional 1,224 shares during the period. Finally, American Century Companies Inc. acquired a new position in Invesco QQQ during the 1st quarter worth about $3,442,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $600.41 on Thursday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The company’s fifty day simple moving average is $613.62 and its 200 day simple moving average is $582.45.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were paid a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, September 22nd.

About Invesco QQQ

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.