Clark Asset Management LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 16.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,608 shares of the exchange traded fund's stock after purchasing an additional 1,745 shares during the quarter. Invesco QQQ accounts for about 0.8% of Clark Asset Management LLC's portfolio, making the stock its 23rd largest position. Clark Asset Management LLC's holdings in Invesco QQQ were worth $7,745,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Goodman Advisory Group LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at approximately $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at approximately $27,000. Navigoe LLC grew its holdings in shares of Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund's stock valued at $36,000 after purchasing an additional 45 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at approximately $40,000. Finally, PayPay Securities Corp grew its holdings in shares of Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund's stock valued at $41,000 after purchasing an additional 30 shares during the last quarter. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Price Performance
Shares of Invesco QQQ stock opened at $648.85 on Monday. The firm's 50 day moving average is $601.69 and its 200 day moving average is $610.79. Invesco QQQ has a 1 year low of $427.93 and a 1 year high of $650.00.
Invesco QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.7328 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.5%.
Invesco QQQ News Roundup
Here are the key news stories impacting Invesco QQQ this week:
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.
Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.