Clark Asset Management LLC Acquires 2,479 Shares of Invesco QQQ $QQQ

Clark Asset Management LLC grew its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 29.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,863 shares of the exchange traded fund’s stock after buying an additional 2,479 shares during the quarter. Invesco QQQ accounts for approximately 0.8% of Clark Asset Management LLC’s holdings, making the stock its 24th biggest holding. Clark Asset Management LLC’s holdings in Invesco QQQ were worth $6,522,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC boosted its holdings in Invesco QQQ by 704,593.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after purchasing an additional 67,605,770 shares in the last quarter. 1832 Asset Management L.P. lifted its position in shares of Invesco QQQ by 100.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock worth $1,167,000 after buying an additional 40,999,982 shares during the period. Symphony Financial Ltd. Co. acquired a new stake in Invesco QQQ in the 2nd quarter valued at $1,236,482,000. HRT Financial LP boosted its stake 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 valued at $1,735,226,000 after buying an additional 1,704,600 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Invesco QQQ by 42.4% in the second 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. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $620.87 on Tuesday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The business has a fifty day moving average of $616.44 and a two-hundred day moving average of $587.91.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be issued a dividend of $0.7941 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $3.18 annualized dividend and a yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69.

Invesco QQQ News Roundup

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

Invesco QQQ Company 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.

Further Reading

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

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