Capital Developers LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,972 shares of the exchange traded fund's stock, valued at approximately $4,897,000. Invesco QQQ accounts for approximately 4.4% of Capital Developers LLC's investment portfolio, making the stock its 7th biggest position.
A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. Brighton Jones LLC grew its stake in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC grew its stake in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after acquiring an additional 176 shares during the period. Jupiter Wealth Management LLC acquired a new stake in Invesco QQQ in the 2nd quarter valued at $290,000. Wealth Group Ltd. grew its stake in Invesco QQQ by 283.7% in the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund's stock valued at $13,587,000 after acquiring an additional 18,210 shares during the period. Finally, Invesco Ltd. grew its stake in Invesco QQQ by 1,057.3% in the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund's stock valued at $18,239,000 after acquiring an additional 30,206 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ News Summary
Here are the key news stories impacting Invesco QQQ this week:
Invesco QQQ Price Performance
Invesco QQQ stock opened at $664.23 on Tuesday. The company's fifty day moving average price is $607.34 and its 200 day moving average price is $612.79. Invesco QQQ has a 1 year low of $462.43 and a 1 year high of $664.51.
Invesco QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%.
Invesco QQQ 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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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 (NASDAQ:QQQ - Free Report).

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