Invesco QQQ (NASDAQ:QQQ) Shares Bought by Baskin Financial Services Inc.

Baskin Financial Services Inc. lifted its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 2,280 shares of the exchange traded fund’s stock after purchasing an additional 55 shares during the quarter. Baskin Financial Services Inc.’s holdings in Invesco QQQ were worth $934,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. VisionPoint Advisory Group LLC acquired a new stake in shares of Invesco QQQ in the second quarter valued at about $36,000. Russell Investments Group Ltd. purchased a new position in Invesco QQQ during the 2nd quarter valued at about $44,000. Core Wealth Advisors Inc. increased its holdings in Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 30 shares in the last quarter. Blume Capital Management Inc. increased its holdings in Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Investors Research Corp increased its holdings in Invesco QQQ by 83.5% during the 2nd quarter. Investors Research Corp now owns 156 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 71 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ traded down $3.84 during mid-day trading on Tuesday, hitting $441.11. 44,054,931 shares of the company’s stock traded hands, compared to its average volume of 44,876,992. The firm’s 50 day simple moving average is $435.38 and its 200 day simple moving average is $401.29. Invesco QQQ has a 1 year low of $309.89 and a 1 year high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.52%.

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.

Further Reading

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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