AdvisorShares Investments LLC Makes New Investment in Invesco QQQ $QQQ

AdvisorShares Investments LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 102,400 shares of the exchange traded fund’s stock, valued at approximately $61,478,000. Invesco QQQ comprises about 10.0% of AdvisorShares Investments LLC’s investment portfolio, making the stock its 2nd largest holding.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of 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 purchasing an additional 1,457,109 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings 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 purchasing an additional 22,220 shares during the last quarter. HRT Financial LP boosted its holdings 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 purchasing an additional 1,704,600 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Invesco QQQ by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund’s stock valued at $1,792,901,000 after buying an additional 64,025 shares during the period. Finally, Symphony Financial Ltd. Co. acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $1,236,482,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Invesco QQQ

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

Invesco QQQ Stock Up 2.1%

QQQ stock opened at $609.65 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The firm’s 50 day moving average price is $619.69 and its 200-day moving average price is $602.29.

Invesco QQQ Increases Dividend

The firm 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 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 yield of 0.5%. The ex-dividend date was 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.

See Also

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

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.