3EDGE Asset Management LP Purchases 11,475 Shares of Invesco QQQ $QQQ

3EDGE Asset Management LP boosted its position in Invesco QQQ (NASDAQ:QQQFree Report) by 412.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,259 shares of the exchange traded fund’s stock after buying an additional 11,475 shares during the quarter. 3EDGE Asset Management LP’s holdings in Invesco QQQ were worth $8,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. WFA Asset Management Corp lifted its stake in Invesco QQQ by 8.3% in the third quarter. WFA Asset Management Corp now owns 7,096 shares of the exchange traded fund’s stock worth $4,260,000 after acquiring an additional 541 shares during the period. Facet Wealth Inc. increased its stake in shares of Invesco QQQ by 20.9% in the 3rd quarter. Facet Wealth Inc. now owns 2,863 shares of the exchange traded fund’s stock worth $1,719,000 after acquiring an additional 495 shares in the last quarter. Gouws Capital LLC lifted its holdings in shares of Invesco QQQ by 917.6% during the third quarter. Gouws Capital LLC now owns 45,019 shares of the exchange traded fund’s stock valued at $27,028,000 after purchasing an additional 40,595 shares during the last quarter. Ridgewood Investments LLC boosted its holdings in Invesco QQQ by 14.1% in the third quarter. Ridgewood Investments LLC now owns 3,948 shares of the exchange traded fund’s stock worth $2,370,000 after acquiring an additional 487 shares in the last quarter. Finally, Naples Global Advisors LLC boosted its stake in Invesco QQQ by 3.2% in the 3rd quarter. Naples Global Advisors LLC now owns 5,597 shares of the exchange traded fund’s stock worth $3,364,000 after purchasing an additional 176 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ News Summary

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

Invesco QQQ Stock Up 0.7%

Shares of Invesco QQQ stock opened at $620.76 on Friday. The company has a 50-day simple moving average of $616.24 and a two-hundred day simple moving average of $597.20. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Increases Dividend

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

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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