1,878 Shares in Invesco QQQ $QQQ Acquired by Tred Avon Family Wealth LLC

Tred Avon Family Wealth LLC bought a new stake in Invesco QQQ (NASDAQ:QQQFree Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,878 shares of the exchange traded fund’s stock, valued at approximately $1,127,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 1832 Asset Management L.P. boosted its stake in Invesco QQQ by 100.0% during the second quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock worth $1,167,000 after buying an additional 40,999,982 shares during the period. Symphony Financial Ltd. Co. acquired a new position in shares of Invesco QQQ in the 2nd quarter worth approximately $1,236,482,000. HRT Financial LP boosted its position in shares of Invesco QQQ by 118.3% during the 2nd 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 during the period. JPMorgan Chase & Co. increased its holdings in Invesco QQQ by 42.4% in the 2nd 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 during the last quarter. Finally, Kensington Asset Management LLC raised 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 during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $621.26 on Friday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The stock’s fifty day moving average is $616.40 and its two-hundred day moving average is $595.76.

Invesco QQQ Increases Dividend

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

More Invesco QQQ News

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About Invesco QQQ

(Free Report)

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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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