Empirical Asset Management LLC Raises Holdings in Invesco QQQ $QQQ

Empirical Asset Management LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 1,381.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,928 shares of the exchange traded fund’s stock after purchasing an additional 37,232 shares during the quarter. Invesco QQQ comprises 3.7% of Empirical Asset Management LLC’s portfolio, making the stock its 3rd largest position. Empirical Asset Management LLC’s holdings in Invesco QQQ were worth $23,972,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. Fifth Third Securities Inc. raised its stake in shares of Invesco QQQ by 2.6% during the third quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock valued at $65,959,000 after purchasing an additional 2,822 shares in the last quarter. SK Wealth Management LLC bought a new position in Invesco QQQ in the 3rd quarter valued at about $803,000. Great Point Wealth Advisors LLC acquired a new position in Invesco QQQ during the 3rd quarter valued at about $507,000. Strengthening Families & Communities LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter worth about $10,771,000. Finally, Coyle Financial Counsel LLC lifted its stake in shares of Invesco QQQ by 4.9% in the 3rd quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock worth $26,091,000 after acquiring an additional 2,035 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key Invesco QQQ News

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

Invesco QQQ Trading Up 1.1%

Invesco QQQ stock opened at $607.82 on Wednesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The firm has a 50 day simple moving average of $616.14 and a 200-day simple moving average of $605.96.

Invesco QQQ Increases Dividend

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

Invesco QQQ 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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