Invesco QQQ $QQQ Shares Bought by 1900 Wealth Management LLC

1900 Wealth Management LLC raised its position in Invesco QQQ (NASDAQ:QQQFree Report) by 291.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,558 shares of the exchange traded fund’s stock after purchasing an additional 1,160 shares during the period. 1900 Wealth Management LLC’s holdings in Invesco QQQ were worth $936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of QQQ. Brighton Jones LLC lifted its stake in Invesco QQQ by 15.0% during the fourth 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 during the last quarter. Revolve Wealth Partners LLC increased its stake in Invesco QQQ by 3.5% in the fourth 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. Trexquant Investment LP raised its holdings in Invesco QQQ by 45.5% during the first quarter. Trexquant Investment LP now owns 1,567 shares of the exchange traded fund’s stock worth $735,000 after purchasing an additional 490 shares in the last quarter. Ameriflex Group Inc. boosted its holdings in shares of Invesco QQQ by 18.1% in the 1st quarter. Ameriflex Group Inc. now owns 6,181 shares of the exchange traded fund’s stock valued at $2,898,000 after buying an additional 946 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its holdings in shares of Invesco QQQ by 10.5% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 29,211 shares of the exchange traded fund’s stock valued at $13,698,000 after buying an additional 2,772 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Key Invesco QQQ News

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

Invesco QQQ Trading Down 0.5%

Shares of NASDAQ:QQQ opened at $620.87 on Tuesday. The company’s fifty day moving average price is $616.44 and its 200 day moving average price is $587.91. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.

Invesco QQQ Increases Dividend

The company 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 dividend of $0.7941 per share. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date is Monday, December 22nd.

About Invesco QQQ

(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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