Approach Retirement Advisors LLC Makes New Investment in Invesco QQQ $QQQ

Approach Retirement Advisors LLC bought a new position in Invesco QQQ (NASDAQ:QQQFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 887 shares of the exchange traded fund’s stock, valued at approximately $545,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its holdings in shares of Invesco QQQ by 120.2% during the 4th quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock valued at $131,292,000 after purchasing an additional 1,270,102 shares in the last quarter. Analyst IMS Investment Management Services Ltd. raised its holdings in shares of Invesco QQQ by 68.6% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock valued at $1,075,091,000 after purchasing an additional 712,026 shares in the last quarter. Japan Science & Technology Agency bought a new position in shares of Invesco QQQ during the 3rd quarter valued at $179,311,000. NorthRock Partners LLC raised its holdings in shares of Invesco QQQ by 1,355.6% during the 3rd quarter. NorthRock Partners LLC now owns 304,852 shares of the exchange traded fund’s stock valued at $183,024,000 after purchasing an additional 283,909 shares in the last quarter. Finally, BXM Wealth LLC raised its holdings in shares of Invesco QQQ by 1,744.9% during the 4th quarter. BXM Wealth LLC now owns 219,962 shares of the exchange traded fund’s stock valued at $135,125,000 after purchasing an additional 208,039 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Key Headlines Impacting Invesco QQQ

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

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $664.10 on Friday. The firm’s fifty day simple moving average is $606.10 and its 200-day simple moving average is $612.40. Invesco QQQ has a 1-year low of $462.43 and a 1-year high of $664.51.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.7328 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%.

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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