Dougherty Wealth Advisers LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 167.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,848 shares of the exchange traded fund’s stock after buying an additional 16,193 shares during the period. Invesco QQQ accounts for approximately 9.0% of Dougherty Wealth Advisers LLC’s portfolio, making the stock its 4th largest position. Dougherty Wealth Advisers LLC’s holdings in Invesco QQQ were worth $15,879,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of QQQ. SG Americas Securities LLC lifted its holdings in Invesco QQQ by 120.2% in the fourth quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock worth $131,292,000 after buying an additional 1,270,102 shares during the period. Analyst IMS Investment Management Services Ltd. lifted its holdings in Invesco QQQ by 68.6% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after buying an additional 712,026 shares during the period. Japan Science & Technology Agency purchased a new stake in Invesco QQQ in the third quarter worth about $179,311,000. NorthRock Partners LLC lifted its holdings in Invesco QQQ by 1,355.6% in the third quarter. NorthRock Partners LLC now owns 304,852 shares of the exchange traded fund’s stock worth $183,024,000 after buying an additional 283,909 shares during the period. Finally, BXM Wealth LLC lifted its holdings in Invesco QQQ by 1,744.9% in the fourth quarter. BXM Wealth LLC now owns 219,962 shares of the exchange traded fund’s stock worth $135,125,000 after buying an additional 208,039 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Stock Performance
Shares of QQQ opened at $664.10 on Monday. Invesco QQQ has a one year low of $462.43 and a one year high of $664.51. The company has a 50-day simple moving average of $606.10 and a two-hundred day simple moving average of $612.41.
Invesco QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.4%.
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Invesco QQQ Profile
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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