Invesco QQQ $QQQ Position Increased by PSI Advisors LLC

PSI Advisors LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 12.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 89,688 shares of the exchange traded fund’s stock after purchasing an additional 9,707 shares during the period. Invesco QQQ makes up about 12.6% of PSI Advisors LLC’s portfolio, making the stock its biggest position. PSI Advisors LLC’s holdings in Invesco QQQ were worth $50,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Well Done LLC grew its position in Invesco QQQ by 0.5% during the 4th quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock worth $2,113,000 after purchasing an additional 16 shares during the last quarter. Tenon Financial LLC boosted its holdings in shares of Invesco QQQ by 2.2% in the 4th quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock valued at $494,000 after acquiring an additional 17 shares during the last quarter. SJS Investment Consulting Inc. boosted its holdings in shares of Invesco QQQ by 1.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock valued at $625,000 after acquiring an additional 17 shares during the last quarter. Cascade Investment Group Inc. boosted its holdings in shares of Invesco QQQ by 4.6% in the 4th quarter. Cascade Investment Group Inc. now owns 388 shares of the exchange traded fund’s stock valued at $238,000 after acquiring an additional 17 shares during the last quarter. Finally, Keeler & Nadler Financial Planning & Wealth Management boosted its holdings in shares of Invesco QQQ by 3.0% in the 4th quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 576 shares of the exchange traded fund’s stock valued at $354,000 after acquiring an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

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Invesco QQQ Stock Down 0.1%

QQQ stock opened at $729.45 on Thursday. The firm’s fifty day simple moving average is $646.52 and its 200-day simple moving average is $625.28. Invesco QQQ has a 12 month low of $511.93 and a 12 month high of $733.32.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.

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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