Cambridge Financial Group LLC Boosts Stake in Invesco QQQ $QQQ

Cambridge Financial Group LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 57.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,032 shares of the exchange traded fund’s stock after buying an additional 1,477 shares during the quarter. Cambridge Financial Group LLC’s holdings in Invesco QQQ were worth $2,477,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of QQQ. 1832 Asset Management L.P. lifted its position 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 in the last quarter. HRT Financial LP grew its holdings 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 valued at $1,735,226,000 after purchasing an additional 1,704,600 shares in the last quarter. Laurel Wealth Advisors LLC increased its stake in Invesco QQQ by 54,491.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 313,357 shares of the exchange traded fund’s stock worth $172,860,000 after buying an additional 312,783 shares during the period. Mizuho Bank Ltd. purchased a new stake in Invesco QQQ during the 2nd quarter worth $165,492,000. Finally, Japan Science & Technology Agency acquired a new position in Invesco QQQ in the 3rd quarter worth $179,311,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $588.00 on Tuesday. The firm has a 50-day moving average of $609.68 and a two-hundred day moving average of $609.87. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 23rd will be paid a $0.7328 dividend. The ex-dividend date is Monday, March 23rd. This represents a $2.93 annualized dividend and a dividend yield of 0.5%.

Invesco QQQ News Summary

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

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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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