Invesco QQQ $QQQ Shares Purchased by Wedbush Securities Inc.

Key Points

• Wedbush Securities increased its stake in Invesco QQQ by 3.2% in Q3, buying 2,177 shares to hold 70,363 shares worth about $42.24 million, making QQQ 1.4% of its holdings and its 7th largest position.
• Several major institutions materially boosted QQQ positions—including JPMorgan (+42.4% to 4,895,265 shares), HRT Financial (+118.3% to 3,145,578 shares) and Kensington (+2,124.5% to 366,881 shares)—with institutional ownership at about 44.58%.
• Invesco QQQ raised its quarterly dividend to $0.7941 (from $0.69), an annualized $3.18 payout translating to roughly a 0.5% yield.

Wedbush Securities Inc. boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,363 shares of the exchange traded fund's stock after purchasing an additional 2,177 shares during the period. Invesco QQQ comprises 1.4% of Wedbush Securities Inc.'s holdings, making the stock its 7th largest position. Wedbush Securities Inc.'s holdings in Invesco QQQ were worth $42,244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. 1832 Asset Management L.P. boosted its position in Invesco QQQ by 100.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund's stock worth $1,167,000 after acquiring an additional 40,999,982 shares during the last quarter. Symphony Financial Ltd. Co. bought a new stake in shares of Invesco QQQ in the second quarter worth $1,236,482,000. HRT Financial LP lifted its position 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 purchasing an additional 1,704,600 shares in the last quarter. JPMorgan Chase & Co. grew its position in Invesco QQQ by 42.4% in the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund's stock valued at $2,700,424,000 after purchasing an additional 1,457,109 shares in the last quarter. Finally, Kensington Asset Management LLC grew its position in Invesco QQQ by 2,124.5% in the second quarter. Kensington Asset Management LLC now owns 366,881 shares of the exchange traded fund's stock valued at $202,386,000 after purchasing an additional 350,388 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $613.11 on Thursday. The company's 50-day moving average price is $619.22 and its two-hundred day moving average price is $603.29. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a $0.7941 dividend. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, December 22nd.

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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