Stillwater Wealth Management Group Invests $5.12 Million in Invesco QQQ $QQQ

Stillwater Wealth Management Group purchased a new stake in Invesco QQQ (NASDAQ:QQQFree Report) in the third quarter, HoldingsChannel reports. The firm purchased 8,531 shares of the exchange traded fund’s stock, valued at approximately $5,122,000. Invesco QQQ makes up approximately 3.6% of Stillwater Wealth Management Group’s holdings, making the stock its 4th largest position.

Several other institutional investors have also made changes to their positions in the stock. 1832 Asset Management L.P. increased its stake in Invesco QQQ by 100.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock worth $1,167,000 after acquiring an additional 40,999,982 shares during the period. HRT Financial LP lifted its position in shares of Invesco QQQ by 118.3% during the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock valued at $1,735,226,000 after acquiring an additional 1,704,600 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Invesco QQQ by 42.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock valued at $2,700,424,000 after acquiring an additional 1,457,109 shares during the period. Kensington Asset Management LLC grew its holdings in shares of Invesco QQQ by 2,124.5% during the 2nd quarter. Kensington Asset Management LLC now owns 366,881 shares of the exchange traded fund’s stock worth $202,386,000 after purchasing an additional 350,388 shares in the last quarter. Finally, Laurel Wealth Advisors LLC grew its holdings in shares of Invesco QQQ by 54,491.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 313,357 shares of the exchange traded fund’s stock worth $172,860,000 after purchasing an additional 312,783 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

More Invesco QQQ News

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Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $594.85 on Thursday. The stock’s fifty day moving average is $611.91 and its 200 day moving average is $609.22. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Increases Dividend

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

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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