Alliance Wealth Management Group Increases Stock Holdings in Invesco QQQ $QQQ

Alliance Wealth Management Group lifted its position in Invesco QQQ (NASDAQ:QQQFree Report) by 37.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,193 shares of the exchange traded fund’s stock after buying an additional 867 shares during the quarter. Alliance Wealth Management Group’s holdings in Invesco QQQ were worth $1,961,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HRT Financial LP increased its position in shares of Invesco QQQ by 118.3% in the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after purchasing an additional 1,704,600 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Invesco QQQ by 120.2% in the fourth quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock worth $131,292,000 after purchasing an additional 1,270,102 shares during the last quarter. Analyst IMS Investment Management Services Ltd. increased its position in shares of Invesco QQQ by 68.6% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after purchasing an additional 712,026 shares during the last quarter. Japan Science & Technology Agency bought a new position in shares of Invesco QQQ in the third quarter worth approximately $179,311,000. Finally, NorthRock Partners LLC increased its position in shares of Invesco QQQ by 1,355.6% in the third quarter. NorthRock Partners LLC now owns 304,852 shares of the exchange traded fund’s stock worth $183,024,000 after purchasing an additional 283,909 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $606.09 on Thursday. The company’s 50 day moving average is $599.95 and its 200 day moving average is $609.28. Invesco QQQ has a 1-year low of $415.43 and a 1-year high of $637.01.

Invesco QQQ Cuts Dividend

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

Invesco QQQ News Summary

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

Invesco QQQ Company 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

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

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