BIP Wealth LLC Grows Stock Holdings in Invesco QQQ $QQQ

BIP Wealth LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 67.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,344 shares of the exchange traded fund’s stock after buying an additional 2,153 shares during the period. BIP Wealth LLC’s holdings in Invesco QQQ were worth $3,283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of QQQ. Goodman Advisory Group LLC purchased a new position in shares of Invesco QQQ during the 3rd quarter valued at $25,000. Shcp LLC purchased a new position in shares of Invesco QQQ during the 3rd quarter valued at $27,000. Navigoe LLC grew its position in shares of Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 45 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Invesco QQQ during the 3rd quarter valued at $40,000. Finally, PayPay Securities Corp grew its position in shares of Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 30 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Invesco QQQ

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

Invesco QQQ Trading Up 3.0%

Shares of NASDAQ:QQQ opened at $606.09 on Thursday. Invesco QQQ has a 52-week low of $415.43 and a 52-week high of $637.01. The firm has a fifty day moving average of $599.95 and a 200 day moving average of $609.28.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.5%.

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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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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