Texas Capital Bank Wealth Management Services Inc Acquires 3,091 Shares of Invesco QQQ $QQQ

Texas Capital Bank Wealth Management Services Inc grew its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 133.1% during the 4th quarter, Holdings Channel reports. The fund owned 5,414 shares of the exchange traded fund’s stock after buying an additional 3,091 shares during the period. Texas Capital Bank Wealth Management Services Inc’s holdings in Invesco QQQ were worth $3,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of QQQ. Goodman Advisory Group LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at $25,000. Shcp LLC purchased a new position in Invesco QQQ during the third quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 43 shares in the last quarter. Rachor Investment Advisory Services LLC purchased a new position in Invesco QQQ during the fourth quarter valued at $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Invesco QQQ in the 3rd quarter worth $40,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.1%

QQQ stock opened at $729.45 on Thursday. Invesco QQQ has a 12 month low of $511.93 and a 12 month high of $733.32. The company has a 50-day moving average price of $646.52 and a 200 day moving average price of $625.28.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.7328 per share. This represents a $2.93 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, March 23rd.

Key Stories Impacting Invesco QQQ

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Invesco QQQ Company Profile

(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.

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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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