Lansing Street Advisors Has $14.86 Million Stake in Invesco QQQ $QQQ

Lansing Street Advisors boosted its position in Invesco QQQ (NASDAQ:QQQFree Report) by 6.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,716 shares of the exchange traded fund’s stock after buying an additional 1,398 shares during the quarter. Invesco QQQ makes up about 3.9% of Lansing Street Advisors’ portfolio, making the stock its 4th biggest position. Lansing Street Advisors’ holdings in Invesco QQQ were worth $14,856,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of QQQ. Orgel Wealth Management LLC raised its holdings in shares of Invesco QQQ by 4.7% in the third quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund’s stock valued at $229,000 after purchasing an additional 17 shares during the last quarter. Enclave Advisors LLC boosted its holdings in Invesco QQQ by 0.9% during the third quarter. Enclave Advisors LLC now owns 1,831 shares of the exchange traded fund’s stock worth $1,099,000 after purchasing an additional 17 shares during the last quarter. IFS Advisors LLC grew its position in Invesco QQQ by 4.1% in the third quarter. IFS Advisors LLC now owns 431 shares of the exchange traded fund’s stock valued at $259,000 after purchasing an additional 17 shares in the last quarter. Mezzasalma Advisors LLC increased its stake in Invesco QQQ by 0.5% in the 3rd quarter. Mezzasalma Advisors LLC now owns 3,312 shares of the exchange traded fund’s stock valued at $1,988,000 after buying an additional 17 shares during the last quarter. Finally, TCV Trust & Wealth Management Inc. lifted its position in Invesco QQQ by 1.4% during the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 1,246 shares of the exchange traded fund’s stock worth $748,000 after buying an additional 17 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $609.24 on Friday. The firm has a 50-day moving average of $616.47 and a 200-day moving average of $606.05. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a $0.7941 dividend. 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%. The ex-dividend date was Monday, December 22nd.

Invesco QQQ News Roundup

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

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.

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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