Cowa LLC Invests $676,000 in Invesco QQQ $QQQ

Cowa LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,126 shares of the exchange traded fund’s stock, valued at approximately $676,000.

Several other large investors have also recently bought and sold shares of QQQ. 1832 Asset Management L.P. increased its stake in shares of Invesco QQQ by 100.0% during the second quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock worth $1,167,000 after purchasing an additional 40,999,982 shares during the period. Symphony Financial Ltd. Co. bought a new position in Invesco QQQ during the 2nd quarter worth $1,236,482,000. HRT Financial LP increased its position in Invesco QQQ by 118.3% during 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 period. JPMorgan Chase & Co. lifted its holdings in shares of Invesco QQQ by 42.4% during the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after buying an additional 1,457,109 shares in the last quarter. Finally, Kensington Asset Management LLC boosted its position in shares of Invesco QQQ by 2,124.5% in the second quarter. Kensington Asset Management LLC now owns 366,881 shares of the exchange traded fund’s stock valued at $202,386,000 after acquiring an additional 350,388 shares during the period. 44.58% of the stock is owned by institutional investors.

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Invesco QQQ Stock Down 1.2%

NASDAQ:QQQ opened at $601.41 on Tuesday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The firm’s 50-day simple moving average is $616.22 and its 200 day simple moving average is $605.73.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a dividend of $0.7941 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd.

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.

Further Reading

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

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