Constellation Investments Inc. Has $109.98 Million Position in Invesco QQQ $QQQ

Key Points

• Constellation Investments trimmed its stake in Invesco QQQ by 8.2% in Q4 to 179,026 shares worth $109.98 million, representing about 3.4% of its portfolio and its sixth-largest holding.
• Several institutions sharply increased QQQ exposure—HRT Financial, SG Americas, IMS Investment Management and NorthRock all added shares, while Japan Science & Technology Agency bought a new stake valued at $179.3 million; institutional ownership stands at 44.58%.
• QQQ traded at $588.50 (12‑month range $402.39–$637.01) and recently paid a quarterly dividend of $0.7328 ($2.93 annualized), implying a roughly 0.5% yield.

Constellation Investments Inc. cut its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 179,026 shares of the exchange traded fund's stock after selling 15,974 shares during the period. Invesco QQQ accounts for about 3.4% of Constellation Investments Inc.'s investment portfolio, making the stock its 6th biggest position. Constellation Investments Inc.'s holdings in Invesco QQQ were worth $109,977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of QQQ. HRT Financial LP raised its stake in shares of Invesco QQQ by 118.3% in the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund's stock worth $1,735,226,000 after acquiring an additional 1,704,600 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Invesco QQQ by 120.2% in the fourth quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund's stock worth $131,292,000 after acquiring an additional 1,270,102 shares during the last quarter. Analyst IMS Investment Management Services Ltd. raised its position in shares of Invesco QQQ by 68.6% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund's stock worth $1,075,091,000 after acquiring an additional 712,026 shares during the last quarter. Japan Science & Technology Agency bought a new stake in shares of Invesco QQQ during the third quarter worth $179,311,000. Finally, NorthRock Partners LLC raised its position in shares of Invesco QQQ by 1,355.6% during the third quarter. NorthRock Partners LLC now owns 304,852 shares of the exchange traded fund's stock worth $183,024,000 after acquiring an additional 283,909 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $588.50 on Tuesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The business has a fifty day moving average of $601.34 and a 200-day moving average of $609.38.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.5%.

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.

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