Silverlake Wealth Management LLC Buys 96 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

Silverlake Wealth Management LLC increased its position in shares of Invesco QQQ Trust (NASDAQ:QQQFree Report) by 8.6% during the 4th quarter, Holdings Channel reports. The fund owned 1,210 shares of the exchange traded fund’s stock after buying an additional 96 shares during the quarter. Silverlake Wealth Management LLC’s holdings in Invesco QQQ Trust were worth $495,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC increased its position in shares of Invesco QQQ Trust by 113.5% during the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock worth $2,134,368,000 after acquiring an additional 48,423,350 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in Invesco QQQ Trust by 156,045.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after purchasing an additional 43,463,232 shares in the last quarter. Morgan Stanley raised its stake in shares of Invesco QQQ Trust by 10.0% in the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after purchasing an additional 1,533,114 shares during the period. MML Investors Services LLC bought a new stake in shares of Invesco QQQ Trust in the second quarter valued at about $298,069,000. Finally, Granite Bay Wealth Management LLC boosted its position in shares of Invesco QQQ Trust by 2,372.7% during the third quarter. Granite Bay Wealth Management LLC now owns 804,357 shares of the exchange traded fund’s stock worth $298,345,000 after buying an additional 771,827 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trust Stock Up 0.1 %

Invesco QQQ Trust stock traded up $0.48 during midday trading on Monday, reaching $444.49. The stock had a trading volume of 21,909,696 shares, compared to its average volume of 44,571,707. The firm’s fifty day simple moving average is $434.91 and its 200-day simple moving average is $400.81. Invesco QQQ Trust has a 1-year low of $309.89 and a 1-year high of $449.34.

Invesco QQQ Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.52%.

About Invesco QQQ Trust

(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.

Featured Stories

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 Trust (NASDAQ:QQQFree Report).

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

Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.