Invesco QQQ $QQQ Shares Bought by BostonPremier Wealth LLC

BostonPremier Wealth LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 25.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,701 shares of the exchange traded fund’s stock after purchasing an additional 9,592 shares during the quarter. Invesco QQQ makes up about 14.7% of BostonPremier Wealth LLC’s investment portfolio, making the stock its 2nd biggest position. BostonPremier Wealth LLC’s holdings in Invesco QQQ were worth $28,689,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in QQQ. Northwestern Mutual Wealth Management Co. increased its stake in Invesco QQQ by 0.7% in the second 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 stake 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 during the last quarter. PNC Financial Services Group Inc. grew its holdings in Invesco QQQ by 0.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund’s stock valued at $1,843,749,000 after buying an additional 8,038 shares during the period. Envestnet Asset Management Inc. grew its holdings in 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, US Bancorp DE increased its stake in shares of Invesco QQQ by 0.5% during the 3rd quarter. US Bancorp DE now owns 1,378,057 shares of the exchange traded fund’s stock valued at $827,346,000 after acquiring an additional 7,378 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ News Roundup

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

Invesco QQQ Trading Down 2.4%

Shares of QQQ stock opened at $573.79 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The firm’s 50-day simple moving average is $607.24 and its 200-day simple moving average is $609.52.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 23rd will be given a dividend of $0.7328 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.5%.

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.

Further Reading

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

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