Tennessee Valley Asset Management Partners Buys 20,125 Shares of Invesco QQQ $QQQ

Key Points

• Tennessee Valley Asset Management Partners boosted its stake in Invesco QQQ by 5,120.9% in Q3, buying 20,125 shares to hold 20,518 shares valued at about $12.32 million, making QQQ roughly 1.7% of its holdings and its 11th-largest position.
• Dividend increase: Invesco QQQ raised its quarterly dividend to $0.7941 (from $0.69), an annualized $3.18 yielding about 0.5%, with an ex-dividend date of December 22.
• Market snapshot: QQQ opened at $607.74, sits in a 52-week range of $402.39–$637.01, and is 44.58% owned by institutional investors.

Tennessee Valley Asset Management Partners boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5,120.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,518 shares of the exchange traded fund's stock after purchasing an additional 20,125 shares during the quarter. Invesco QQQ comprises about 1.7% of Tennessee Valley Asset Management Partners' holdings, making the stock its 11th biggest position. Tennessee Valley Asset Management Partners' holdings in Invesco QQQ were worth $12,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in QQQ. Brighton Jones LLC raised its position in shares of Invesco QQQ by 15.0% during 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 period. Revolve Wealth Partners LLC raised its holdings in 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 buying an additional 176 shares during the last quarter. Jupiter Wealth Management LLC bought a new position in shares of Invesco QQQ in the second quarter valued at $290,000. Wealth Group Ltd. grew its holdings 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 valued at $13,587,000 after buying an additional 18,210 shares during the last quarter. Finally, Ignite Planners LLC grew its holdings in shares of Invesco QQQ by 2.0% during the second quarter. Ignite Planners LLC now owns 8,149 shares of the exchange traded fund's stock valued at $4,574,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ opened at $607.74 on Thursday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The company's 50-day moving average is $613.99 and its 200 day moving average is $608.35.

Invesco QQQ Increases Dividend

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

Invesco QQQ 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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