Mariner LLC Has $666.23 Million Stock Holdings in Invesco QQQ $QQQ

Mariner LLC lifted its position in Invesco QQQ (NASDAQ:QQQFree Report) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,084,500 shares of the exchange traded fund’s stock after acquiring an additional 27,560 shares during the period. Invesco QQQ makes up approximately 0.8% of Mariner LLC’s holdings, making the stock its 24th biggest holding. Mariner LLC’s holdings in Invesco QQQ were worth $666,226,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Goodman Advisory Group LLC acquired a new stake in shares of Invesco QQQ in the 3rd quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Invesco QQQ by 2,150.0% in the 4th 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 during the period. Shcp LLC acquired a new stake in shares of Invesco QQQ in the 3rd quarter valued at approximately $27,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $29,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Invesco QQQ in the 3rd quarter valued at approximately $40,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $721.34 on Monday. The firm’s 50 day simple moving average is $680.91 and its 200 day simple moving average is $635.39. Invesco QQQ has a fifty-two week low of $523.65 and a fifty-two week high of $748.65.

Invesco QQQ Cuts Dividend

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

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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.

Further Reading

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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