Absolute Capital Management LLC Purchases 2,503 Shares of Invesco QQQ $QQQ

Absolute Capital Management LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 13.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,433 shares of the exchange traded fund’s stock after buying an additional 2,503 shares during the quarter. Invesco QQQ makes up about 5.5% of Absolute Capital Management LLC’s holdings, making the stock its 2nd largest position. Absolute Capital Management LLC’s holdings in Invesco QQQ were worth $12,868,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Addison Capital Co increased its holdings in Invesco QQQ by 19.2% during the 3rd quarter. Addison Capital Co now owns 3,798 shares of the exchange traded fund’s stock valued at $2,280,000 after acquiring an additional 611 shares in the last quarter. Activest Wealth Management increased its stake in shares of Invesco QQQ by 10.2% during the 3rd quarter. Activest Wealth Management now owns 87,734 shares of the exchange traded fund’s stock worth $52,673,000 after purchasing an additional 8,089 shares in the last quarter. Fidelis Capital Partners LLC increased its stake in shares of Invesco QQQ by 1.3% during the 3rd quarter. Fidelis Capital Partners LLC now owns 12,606 shares of the exchange traded fund’s stock worth $7,568,000 after purchasing an additional 165 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Invesco QQQ by 9.2% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 75,336 shares of the exchange traded fund’s stock worth $45,465,000 after purchasing an additional 6,361 shares during the last quarter. Finally, Crumly & Associates Inc. lifted its stake in Invesco QQQ by 68.0% in the 3rd quarter. Crumly & Associates Inc. now owns 2,254 shares of the exchange traded fund’s stock valued at $1,353,000 after buying an additional 912 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.3%

Shares of NASDAQ:QQQ opened at $633.22 on Thursday. The business’s fifty day moving average price is $618.32 and its two-hundred day moving average price is $599.58. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a dividend of $0.7941 per share. 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. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco QQQ News Roundup

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

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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