Invesco QQQ $QQQ Shares Purchased by Capital Management Associates Inc

Key Points

• Capital Management Associates Inc raised its stake in Invesco QQQ by 4.6% in Q4, buying 1,742 shares to hold 39,600 shares worth $24,327,000, making QQQ its fourth-largest position (~5.4% of its holdings).
• Invesco QQQ paid a quarterly dividend of $0.7328 on March 27 (annualized $2.93), equating to a yield of about 0.5%.
• QQQ recently opened at $588.50 with a 50-day/200-day SMA of $601.34/$609.38 and a 1‑year range of $402.39–$637.01, while institutional ownership is about 44.58%.

Capital Management Associates Inc raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,600 shares of the exchange traded fund's stock after acquiring an additional 1,742 shares during the quarter. Invesco QQQ comprises approximately 5.4% of Capital Management Associates Inc's holdings, making the stock its 4th largest position. Capital Management Associates Inc's holdings in Invesco QQQ were worth $24,327,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC acquired a new stake in shares of Invesco QQQ in the third quarter worth about $25,000. Shcp LLC acquired a new stake in shares of Invesco QQQ in the third quarter worth about $27,000. Navigoe LLC lifted its position in shares of Invesco QQQ by 300.0% in the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund's stock worth $36,000 after buying an additional 45 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Invesco QQQ in the third quarter worth about $40,000. Finally, PayPay Securities Corp lifted its stake in shares of Invesco QQQ by 78.9% in the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund's stock worth $41,000 after buying an additional 30 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $588.50 on Tuesday. The firm has a fifty day simple moving average of $601.34 and a 200-day simple moving average of $609.38. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Cuts Dividend

The firm also recently disclosed 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. This represents a $2.93 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd.

About Invesco QQQ

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.

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.