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Farther Finance Advisors LLC Grows Stake in Invesco QQQ $QQQ

Invesco QQQ logo with Finance background
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Key Points

  • Farther Finance Advisors boosted its stake in Invesco QQQ by 40.3% in Q4 to 152,945 shares (about $93.96 million), representing roughly 1.0% of the firm's portfolio and its 11th-largest holding.
  • QQQ opened at $628.38, trading in a 52-week range of $427.93–$637.01, with a 50-day simple moving average of $599.41 and a 200-day SMA of $609.92.
  • The fund paid a quarterly dividend of $0.7328 per share on March 27 (annualized $2.93, yield ~0.5%), and headlines this week cite both premarket strength for Nasdaq names and risks from geopolitical tensions and inflation data that could pressure QQQ.
  • MarketBeat previews top five stocks to own in May.

Farther Finance Advisors LLC grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 40.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,945 shares of the exchange traded fund's stock after purchasing an additional 43,949 shares during the quarter. Invesco QQQ comprises approximately 1.0% of Farther Finance Advisors LLC's investment portfolio, making the stock its 11th biggest holding. Farther Finance Advisors LLC's holdings in Invesco QQQ were worth $93,956,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. Brighton Jones LLC grew its holdings in Invesco QQQ by 15.0% in the fourth 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 last quarter. Revolve Wealth Partners LLC grew its stake in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after acquiring an additional 176 shares during the last quarter. Jupiter Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the second quarter worth about $290,000. Wealth Group Ltd. grew its stake in shares of Invesco QQQ by 283.7% during the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund's stock worth $13,587,000 after acquiring an additional 18,210 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Invesco QQQ by 1,057.3% during the second quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund's stock worth $18,239,000 after acquiring an additional 30,206 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $628.38 on Wednesday. Invesco QQQ has a fifty-two week low of $427.93 and a fifty-two week high of $637.01. The stock's 50-day simple moving average is $599.41 and its 200-day simple moving average is $609.92.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.5%.

Key Headlines Impacting Invesco QQQ

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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.

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