Invesco QQQ $QQQ Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,526 shares of the exchange traded fund’s stock after purchasing an additional 950 shares during the quarter. Invesco QQQ makes up about 1.0% of Apollon Wealth Management LLC’s portfolio, making the stock its 15th biggest holding. Apollon Wealth Management LLC’s holdings in Invesco QQQ were worth $54,349,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in QQQ. Kingstone Capital Partners Texas LLC raised its position in shares of Invesco QQQ by 704,593.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after acquiring an additional 67,605,770 shares during the period. JPMorgan Chase & Co. grew its position in shares of Invesco QQQ by 42.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock valued at $2,700,424,000 after acquiring an additional 1,457,109 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco QQQ by 0.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund’s stock valued at $1,778,116,000 after purchasing an additional 22,220 shares in the last quarter. HRT Financial LP raised its holdings in Invesco QQQ by 118.3% in the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after purchasing an additional 1,704,600 shares during the period. Finally, Symphony Financial Ltd. Co. acquired a new position in Invesco QQQ in the 2nd quarter worth about $1,236,482,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

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Invesco QQQ Stock Down 0.0%

Shares of QQQ stock opened at $623.89 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The stock has a 50 day simple moving average of $616.25 and a 200-day simple moving average of $586.91.

Invesco QQQ Increases Dividend

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