Claro Advisors LLC Has $11.95 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Claro Advisors LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 6.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 24,492 shares of the exchange traded fund’s stock after purchasing an additional 1,534 shares during the quarter. Invesco QQQ makes up approximately 1.5% of Claro Advisors LLC’s investment portfolio, making the stock its 12th largest position. Claro Advisors LLC’s holdings in Invesco QQQ were worth $11,954,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westwood Holdings Group Inc. boosted its stake in shares of Invesco QQQ by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after acquiring an additional 1,993 shares during the period. Socha Financial Group LLC lifted its holdings in Invesco QQQ by 2.4% during the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after purchasing an additional 2,171 shares during the last quarter. Archer Investment Corp boosted its position in Invesco QQQ by 10.2% during the third quarter. Archer Investment Corp now owns 43,603 shares of the exchange traded fund’s stock worth $21,281,000 after purchasing an additional 4,025 shares during the period. Bank Hapoalim BM increased its holdings in shares of Invesco QQQ by 5.5% in the third quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock valued at $59,250,000 after purchasing an additional 6,347 shares during the last quarter. Finally, Arrow Financial Corp increased its holdings in shares of Invesco QQQ by 7.2% in the third quarter. Arrow Financial Corp now owns 141,366 shares of the exchange traded fund’s stock valued at $68,997,000 after purchasing an additional 9,516 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $496.57 on Friday. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58. The firm has a 50-day moving average of $489.33 and a 200-day moving average of $474.46.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco QQQ Company 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.