Invesco QQQ $QQQ Shares Bought by Element Squared LLC

Element Squared LLC grew its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 239.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,106 shares of the exchange traded fund’s stock after purchasing an additional 7,833 shares during the quarter. Invesco QQQ makes up approximately 3.7% of Element Squared LLC’s portfolio, making the stock its 6th largest holding. Element Squared LLC’s holdings in Invesco QQQ were worth $6,823,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Goodman Advisory Group LLC purchased a new stake in shares of Invesco QQQ in the third quarter valued at $25,000. Shcp LLC purchased a new stake in Invesco QQQ during the 3rd quarter worth about $27,000. Navigoe LLC increased its position in Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 45 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Invesco QQQ in the 3rd quarter valued at about $40,000. Finally, PayPay Securities Corp raised its stake in Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 30 shares during the last quarter. 44.58% of the stock is 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 Performance

NASDAQ:QQQ opened at $584.98 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The company’s 50-day moving average is $602.08 and its two-hundred day moving average is $609.17.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 annualized dividend and a dividend yield of 0.5%.

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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