Estate Counselors LLC Has $7.89 Million Stock Position in Invesco QQQ $QQQ

Estate Counselors LLC increased its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 7.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,133 shares of the exchange traded fund’s stock after acquiring an additional 865 shares during the period. Invesco QQQ comprises about 0.7% of Estate Counselors LLC’s holdings, making the stock its 20th largest holding. Estate Counselors LLC’s holdings in Invesco QQQ were worth $7,885,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of QQQ. JPMorgan Chase & Co. boosted its holdings in shares of Invesco QQQ by 42.4% during the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after purchasing an additional 1,457,109 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in 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 buying an additional 22,220 shares during the period. HRT Financial LP lifted its position 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 buying an additional 1,704,600 shares in the last quarter. Symphony Financial Ltd. Co. acquired a new stake in shares of Invesco QQQ during the 2nd quarter valued at $1,236,482,000. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Invesco QQQ by 6.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,101,906 shares of the exchange traded fund’s stock valued at $611,049,000 after buying an additional 65,387 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ News Roundup

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

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $622.72 on Monday. 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 $616.52 and its 200-day simple moving average is $598.31.

Invesco QQQ Increases Dividend

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

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.

See Also

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

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