12,033 Shares in Invesco QQQ (NASDAQ:QQQ) Acquired by Tidemark LLC

Tidemark LLC bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,033 shares of the exchange traded fund's stock, valued at approximately $4,928,000. Invesco QQQ comprises approximately 3.1% of Tidemark LLC's investment portfolio, making the stock its 6th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Red Tortoise LLC grew its holdings in shares of Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund's stock worth $39,000 after purchasing an additional 74 shares during the last quarter. Robinson Capital Management LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at approximately $40,000. Friedenthal Financial acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $41,000. Bear Mountain Capital Inc. acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $42,000. Finally, Core Wealth Advisors Inc. increased its holdings in shares of Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund's stock worth $43,000 after acquiring 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 NASDAQ:QQQ traded down $0.09 during trading on Wednesday, reaching $455.71. 23,531,621 shares of the company traded hands, compared to its average volume of 43,717,027. Invesco QQQ has a 52 week low of $329.56 and a 52 week high of $456.82. The company's 50 day moving average is $438.17 and its two-hundred day moving average is $420.60.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were paid a $0.5735 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.50%.

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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