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Grandview Asset Management LLC Has $19.19 Million Stock Holdings in Invesco QQQ $QQQ

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Key Points

  • Grandview Asset Management LLC boosted its stake in Invesco QQQ by 9.7% in Q4 to 31,244 shares worth $19.19 million, making QQQ about 5.3% of its holdings and its fourth-largest position.
  • QQQ was up roughly 1.8% (opened at $628.38) with a 12‑month range of $427.93–$637.01, and the fund recently paid a quarterly dividend of $0.7328 (annualized $2.93, yield ~0.5%).
  • Interested in Invesco QQQ? Here are five stocks we like better.

Grandview Asset Management LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,244 shares of the exchange traded fund's stock after buying an additional 2,752 shares during the quarter. Invesco QQQ accounts for approximately 5.3% of Grandview Asset Management LLC's holdings, making the stock its 4th largest holding. Grandview Asset Management LLC's holdings in Invesco QQQ were worth $19,194,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its position in shares of Invesco QQQ by 0.3% during the third quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund's stock worth $1,843,749,000 after purchasing an additional 8,038 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Invesco QQQ by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund's stock valued at $1,792,901,000 after purchasing an additional 64,025 shares during the period. Analyst IMS Investment Management Services Ltd. increased its stake in Invesco QQQ by 68.6% during the 4th 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 purchasing an additional 712,026 shares in the last quarter. US Bancorp DE increased its stake in Invesco QQQ by 0.5% during the 3rd quarter. US Bancorp DE now owns 1,378,057 shares of the exchange traded fund's stock worth $827,346,000 after purchasing an additional 7,378 shares in the last quarter. Finally, Maxi Investments CY Ltd raised its holdings in Invesco QQQ by 8.1% during the 3rd quarter. Maxi Investments CY Ltd now owns 1,235,000 shares of the exchange traded fund's stock worth $741,457,000 after buying an additional 92,700 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Up 1.8%

Shares of QQQ opened at $628.38 on Wednesday. Invesco QQQ has a twelve month low of $427.93 and a twelve month high of $637.01. The firm's 50 day moving average price is $599.41 and its two-hundred day moving average price is $609.92.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.

Further Reading

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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