Invesco QQQ (NASDAQ:QQQ) Shares Acquired by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 19.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,883 shares of the exchange traded fund's stock after buying an additional 3,747 shares during the quarter. Invesco QQQ makes up 1.0% of AlphaStar Capital Management LLC's holdings, making the stock its 17th largest position. AlphaStar Capital Management LLC's holdings in Invesco QQQ were worth $9,371,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. International Assets Investment Management LLC grew its holdings in Invesco QQQ by 40,957.3% in 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 purchasing an additional 28,263,426 shares during the period. Comerica Bank acquired a new stake in Invesco QQQ in the 3rd quarter valued at $140,657,000. Granite Bay Wealth Management LLC increased its holdings in Invesco QQQ by 47.1% in the 4th 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 raised its position 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 during the period. Finally, Cerity Partners LLC lifted its holdings 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 valued at $345,182,000 after purchasing an additional 367,317 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $1.04 during midday trading on Friday, hitting $442.06. The stock had a trading volume of 27,116,566 shares, compared to its average volume of 45,250,624. The stock has a 50 day simple moving average of $436.73 and a 200-day simple moving average of $414.97. Invesco QQQ has a 1 year low of $322.94 and a 1 year high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were paid 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 yield of 0.52%.

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.

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