Morse Asset Management Inc lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 29.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,827 shares of the exchange traded fund's stock after buying an additional 2,700 shares during the period. Invesco QQQ makes up about 1.5% of Morse Asset Management Inc's investment portfolio, making the stock its 18th largest holding. Morse Asset Management Inc's holdings in Invesco QQQ were worth $7,265,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Milestone Asset Management Group LLC boosted its position in shares of Invesco QQQ by 7.4% during the fourth quarter. Milestone Asset Management Group LLC now owns 13,645 shares of the exchange traded fund's stock worth $8,382,000 after buying an additional 941 shares during the period. Primoris Wealth Advisors LLC boosted its position in shares of Invesco QQQ by 8.6% during the fourth quarter. Primoris Wealth Advisors LLC now owns 830 shares of the exchange traded fund's stock worth $510,000 after buying an additional 66 shares during the period. Alta Wealth Advisors LLC boosted its position in shares of Invesco QQQ by 11.1% during the fourth quarter. Alta Wealth Advisors LLC now owns 5,871 shares of the exchange traded fund's stock worth $3,607,000 after buying an additional 587 shares during the period. Falcon Wealth Planning boosted its position in shares of Invesco QQQ by 0.4% during the fourth quarter. Falcon Wealth Planning now owns 100,195 shares of the exchange traded fund's stock worth $61,551,000 after buying an additional 372 shares during the period. Finally, Adirondack Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $3,868,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about Invesco QQQ
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Invesco QQQ Trading Down 0.2%
Shares of NASDAQ QQQ opened at $672.88 on Tuesday. The stock has a 50 day simple moving average of $610.87 and a 200-day simple moving average of $614.18. Invesco QQQ has a 12-month low of $476.78 and a 12-month high of $676.73.
Invesco QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors 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 annualized dividend and a yield of 0.4%.
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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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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