Advisors Capital Management LLC Grows Holdings in Invesco QQQ $QQQ

Advisors Capital Management LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,735 shares of the exchange traded fund’s stock after buying an additional 2,308 shares during the quarter. Advisors Capital Management LLC’s holdings in Invesco QQQ were worth $12,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Financial Life Planners lifted its holdings in Invesco QQQ by 2.3% during the 4th quarter. Financial Life Planners now owns 52,111 shares of the exchange traded fund’s stock worth $32,012,000 after buying an additional 1,183 shares during the last quarter. True Link Financial Advisors LLC acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $370,000. Brindle & Bay Financial Advisors LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $15,726,000. Coquina Private Wealth LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $3,884,000. Finally, 4Thought Financial Group Inc. raised its position in shares of Invesco QQQ by 51.5% during the 4th quarter. 4Thought Financial Group Inc. now owns 1,227 shares of the exchange traded fund’s stock valued at $754,000 after acquiring an additional 417 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $664.10 on Monday. The business’s fifty day moving average price is $606.10 and its 200 day moving average price is $612.41. Invesco QQQ has a 12-month low of $462.43 and a 12-month high of $664.51.

Invesco QQQ Cuts Dividend

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

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

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