Invesco QQQ (NASDAQ:QQQ) Shares Acquired by TCG Advisory Services LLC

TCG Advisory Services LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,979 shares of the exchange traded fund's stock after purchasing an additional 2,683 shares during the quarter. TCG Advisory Services LLC's holdings in Invesco QQQ were worth $6,544,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC increased its position in shares of Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund's stock valued at $11,602,698,000 after buying an additional 28,263,426 shares during the period. Comerica Bank bought a new stake in Invesco QQQ during the third quarter worth about $140,657,000. Granite Bay Wealth Management LLC boosted its stake in Invesco QQQ by 47.1% during the fourth quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund's stock worth $451,075,000 after acquiring an additional 378,922 shares in the last quarter. CHURCHILL MANAGEMENT Corp boosted its stake in Invesco QQQ by 36.3% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund's stock worth $578,680,000 after acquiring an additional 376,661 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in Invesco QQQ by 77.2% during the fourth quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund's stock worth $345,182,000 after acquiring an additional 367,317 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 2.0 %

Shares of NASDAQ QQQ traded up $8.58 during midday trading on Friday, hitting $435.48. The stock had a trading volume of 48,515,252 shares, compared to its average volume of 48,759,256. The business's 50 day moving average is $436.53 and its 200-day moving average is $412.83. Invesco QQQ has a 52 week low of $315.11 and a 52 week high of $449.34.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.5735 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.53%.

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.