D.A. Davidson & CO. lifted its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,078 shares of the exchange traded fund’s stock after purchasing an additional 1,901 shares during the period. D.A. Davidson & CO.’s holdings in Invesco QQQ were worth $113,081,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in shares of Invesco QQQ by 0.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund’s stock worth $1,843,749,000 after purchasing an additional 8,038 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Invesco QQQ by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund’s stock worth $1,792,901,000 after purchasing an additional 64,025 shares in the last quarter. Analyst IMS Investment Management Services Ltd. increased its stake in Invesco QQQ by 68.6% in the 4th 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 in the last quarter. US Bancorp DE increased its stake in Invesco QQQ by 0.5% in the 3rd quarter. US Bancorp DE now owns 1,378,057 shares of the exchange traded fund’s stock worth $827,346,000 after buying an additional 7,378 shares in the last quarter. Finally, Maxi Investments CY Ltd increased its stake in Invesco QQQ by 8.1% in the 3rd quarter. Maxi Investments CY Ltd now owns 1,235,000 shares of the exchange traded fund’s stock worth $741,457,000 after buying an additional 92,700 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Trading Up 0.0%
Shares of QQQ stock opened at $664.10 on Monday. Invesco QQQ has a 52-week low of $462.43 and a 52-week high of $664.51. The stock has a fifty day simple moving average of $606.10 and a two-hundred day simple moving average of $612.41.
Invesco QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, March 23rd.
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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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