Tillman Hartley LLC Takes $4.08 Million Position in Invesco QQQ $QQQ

Tillman Hartley LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,800 shares of the exchange traded fund’s stock, valued at approximately $4,083,000. Invesco QQQ comprises approximately 1.0% of Tillman Hartley LLC’s portfolio, making the stock its 25th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Invesco QQQ by 42.4% during the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after buying an additional 1,457,109 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco QQQ by 0.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund’s stock worth $1,778,116,000 after buying an additional 22,220 shares in the last quarter. HRT Financial LP boosted its position in Invesco QQQ by 118.3% during the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after acquiring an additional 1,704,600 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Invesco QQQ by 0.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund’s stock valued at $1,843,749,000 after acquiring an additional 8,038 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Invesco QQQ by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund’s stock valued at $1,792,901,000 after acquiring an additional 64,025 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ opened at $601.58 on Wednesday. The company’s 50 day simple moving average is $615.63 and its two-hundred day simple moving average is $607.03. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

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

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.