Landaas & Co. WI ADV acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 902 shares of the exchange traded fund's stock, valued at approximately $423,000.
A number of other hedge funds have also made changes to their positions in the stock. NWI Management LP grew its holdings in Invesco QQQ by 121.6% in the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after buying an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC grew its holdings in Invesco QQQ by 55,795.2% in the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after buying an additional 1,868,580 shares during the last quarter. Senator Investment Group LP acquired a new stake in Invesco QQQ in the 4th quarter valued at approximately $679,936,000. Spear Holdings RSC Ltd acquired a new stake in Invesco QQQ in the 1st quarter valued at approximately $474,600,000. Finally, Asset Planning Services Inc. LA ADV grew its holdings in Invesco QQQ by 100,517.9% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock valued at $437,375,000 after buying an additional 931,801 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of QQQ stock traded down $0.94 during mid-day trading on Friday, reaching $560.86. The stock had a trading volume of 41,900,296 shares, compared to its average volume of 39,516,039. The firm's 50 day simple moving average is $532.92 and its 200 day simple moving average is $506.84. Invesco QQQ has a one year low of $402.39 and a one year high of $563.36.
Invesco QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.42%.
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.
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