JB Capital LLC Buys 616 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

JB Capital LLC grew its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQFree Report) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,509 shares of the exchange traded fund’s stock after purchasing an additional 616 shares during the quarter. Invesco QQQ Trust comprises approximately 0.8% of JB Capital LLC’s portfolio, making the stock its 24th biggest holding. JB Capital LLC’s holdings in Invesco QQQ Trust were worth $10,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQ. Veracity Capital LLC grew its holdings in shares of Invesco QQQ Trust by 16.8% in the fourth quarter. Veracity Capital LLC now owns 1,751 shares of the exchange traded fund’s stock worth $717,000 after purchasing an additional 252 shares during the last quarter. Weaver Consulting Group raised its position in shares of Invesco QQQ Trust by 1.6% in the 4th quarter. Weaver Consulting Group now owns 3,278 shares of the exchange traded fund’s stock worth $1,342,000 after purchasing an additional 51 shares during the last quarter. Norris Perne & French LLP MI raised its position in Invesco QQQ Trust by 10.4% in the 4th quarter. Norris Perne & French LLP MI now owns 648 shares of the exchange traded fund’s stock worth $265,000 after buying an additional 61 shares during the last quarter. Regatta Capital Group LLC raised its position in Invesco QQQ Trust by 13.9% in the 4th quarter. Regatta Capital Group LLC now owns 1,781 shares of the exchange traded fund’s stock worth $729,000 after buying an additional 218 shares during the last quarter. Finally, Palumbo Wealth Management LLC raised its position in Invesco QQQ Trust by 0.3% in the 4th quarter. Palumbo Wealth Management LLC now owns 10,435 shares of the exchange traded fund’s stock worth $4,273,000 after buying an additional 31 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trust Price Performance

NASDAQ:QQQ traded up $0.93 during mid-day trading on Monday, reaching $444.94. The company’s stock had a trading volume of 11,747,355 shares, compared to its average volume of 44,399,066. The firm’s fifty day moving average price is $434.91 and its two-hundred day moving average price is $400.63. Invesco QQQ Trust has a 12-month low of $309.89 and a 12-month high of $449.34.

Invesco QQQ Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%.

Invesco QQQ Trust 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 Trust (NASDAQ:QQQ)

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