Private Portfolio Partners LLC Acquires 344 Shares of Invesco QQQ (NASDAQ:QQQ)

Private Portfolio Partners LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,452 shares of the exchange traded fund’s stock after purchasing an additional 344 shares during the period. Invesco QQQ comprises approximately 1.2% of Private Portfolio Partners LLC’s portfolio, making the stock its 20th biggest position. Private Portfolio Partners LLC’s holdings in Invesco QQQ were worth $5,099,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of QQQ. International Assets Investment Management LLC grew its position in Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after buying an additional 28,263,426 shares during the period. Comerica Bank purchased a new stake in shares of Invesco QQQ during the 3rd quarter worth approximately $140,657,000. Granite Bay Wealth Management LLC lifted its holdings in Invesco QQQ by 47.1% during the fourth quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock valued at $451,075,000 after purchasing an additional 378,922 shares during the last quarter. CHURCHILL MANAGEMENT Corp lifted its holdings in shares of Invesco QQQ by 36.3% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock worth $578,680,000 after buying an additional 376,661 shares in the last quarter. Finally, Cerity Partners LLC grew its position in Invesco QQQ by 77.2% in the fourth quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock worth $345,182,000 after acquiring an additional 367,317 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.2 %

QQQ stock traded up $0.95 during mid-day trading on Monday, hitting $443.01. 19,771,908 shares of the stock were exchanged, compared to its average volume of 44,618,938. The business has a fifty day moving average price of $436.73 and a 200 day moving average price of $415.81. Invesco QQQ has a 12 month low of $323.96 and a 12 month high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were paid a $0.5735 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%.

About Invesco QQQ

(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.

See Also

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

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