Signature Estate & Investment Advisors LLC Grows Position in Invesco QQQ Trust (NASDAQ:QQQ)


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Signature Estate & Investment Advisors LLC boosted its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,468 shares of the exchange traded fund’s stock after acquiring an additional 433 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Invesco QQQ Trust were worth $1,715,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Claudia M.P. Batlle CRP R LLC purchased a new position in shares of Invesco QQQ Trust in the third quarter valued at $28,000. Barnett & Company Inc. increased its position in shares of Invesco QQQ Trust by 250.0% in the third quarter. Barnett & Company Inc. now owns 140 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 100 shares in the last quarter. TFC Financial Management purchased a new stake in Invesco QQQ Trust during the 3rd quarter worth about $78,000. Fiduciary Planning LLC purchased a new stake in Invesco QQQ Trust during the 3rd quarter worth about $95,000. Finally, O Shaughnessy Asset Management LLC increased its position in Invesco QQQ Trust by 126.5% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 385 shares of the exchange traded fund’s stock worth $107,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 42.99% of the company’s stock.

Invesco QQQ Trust stock traded up $2.12 during midday trading on Wednesday, reaching $316.04. 22,365,173 shares of the company were exchanged, compared to its average volume of 34,573,328. The firm’s 50-day simple moving average is $311.42 and its 200-day simple moving average is $295.14. Invesco QQQ Trust has a 1 year low of $164.93 and a 1 year high of $319.39.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 31st. Investors of record on Tuesday, December 22nd were given a dividend of $0.561 per share. This represents a $2.24 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Monday, December 21st. This is a boost from Invesco QQQ Trust’s previous quarterly dividend of $0.39.

About Invesco QQQ Trust

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

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