Lowe Brockenbrough & Co. Inc. Has $1.17 Million Holdings in Invesco QQQ $QQQ

Lowe Brockenbrough & Co. Inc. boosted its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 402.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,949 shares of the exchange traded fund’s stock after acquiring an additional 1,561 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Invesco QQQ were worth $1,170,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Brighton Jones LLC increased its position 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 acquiring an additional 4,989 shares during the period. Revolve Wealth Partners LLC grew its position in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares during the last quarter. Jupiter Wealth Management LLC acquired a new stake in Invesco QQQ in the 2nd quarter worth $290,000. Pasadena Private Wealth LLC increased its holdings in shares of Invesco QQQ by 90.6% during the 2nd quarter. Pasadena Private Wealth LLC now owns 13,507 shares of the exchange traded fund’s stock worth $7,451,000 after purchasing an additional 6,420 shares during the period. Finally, Wealth Group Ltd. raised its position in shares of Invesco QQQ by 283.7% during the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after buying an additional 18,210 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 2.1%

NASDAQ QQQ opened at $609.65 on Monday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The firm has a 50-day simple moving average of $619.69 and a 200 day simple moving average of $602.56.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a dividend of $0.7941 per share. This is a boost 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%. The ex-dividend date was Monday, December 22nd.

Key Stories Impacting Invesco QQQ

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

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.

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

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