Fifth Lane Capital LP Buys Shares of 7,000 Invesco QQQ $QQQ

Fifth Lane Capital LP acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,000 shares of the exchange traded fund’s stock, valued at approximately $4,203,000. Invesco QQQ comprises about 3.7% of Fifth Lane Capital LP’s investment portfolio, making the stock its 6th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Charter Research & Investment Group Inc. lifted its stake in shares of Invesco QQQ by 3.9% during the 3rd quarter. Charter Research & Investment Group Inc. now owns 2,165 shares of the exchange traded fund’s stock valued at $1,300,000 after buying an additional 81 shares in the last quarter. Banco Santander S.A. raised its holdings in Invesco QQQ by 17.0% during the 3rd quarter. Banco Santander S.A. now owns 52,063 shares of the exchange traded fund’s stock valued at $31,257,000 after acquiring an additional 7,561 shares during the period. Mill Creek Capital Advisors LLC raised its holdings in Invesco QQQ by 1.9% during the 3rd quarter. Mill Creek Capital Advisors LLC now owns 9,533 shares of the exchange traded fund’s stock valued at $5,724,000 after acquiring an additional 175 shares during the period. Lansing Street Advisors lifted its position in shares of Invesco QQQ by 6.0% during the third quarter. Lansing Street Advisors now owns 24,716 shares of the exchange traded fund’s stock worth $14,856,000 after acquiring an additional 1,398 shares in the last quarter. Finally, Diversify Wealth Management LLC lifted its position in shares of Invesco QQQ by 1.1% during the third quarter. Diversify Wealth Management LLC now owns 17,327 shares of the exchange traded fund’s stock worth $10,952,000 after acquiring an additional 189 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Price Performance

Shares of QQQ opened at $609.24 on Friday. The stock’s 50-day simple moving average is $616.47 and its 200 day simple moving average is $606.05. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a dividend of $0.7941 per share. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a dividend yield of 0.5%.

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.

Featured Articles

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)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.