Thayer Financial L.L.C. Purchases Shares of 1,337 Invesco QQQ $QQQ

Thayer Financial L.L.C. purchased a new stake in Invesco QQQ (NASDAQ:QQQFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,337 shares of the exchange traded fund’s stock, valued at approximately $821,000. Invesco QQQ accounts for approximately 0.9% of Thayer Financial L.L.C.’s holdings, making the stock its 16th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. Brighton Jones LLC grew its holdings in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after acquiring an additional 176 shares in the last quarter. Jupiter Wealth Management LLC bought a new stake in Invesco QQQ in the 2nd quarter valued at approximately $290,000. Wealth Group Ltd. boosted its position in Invesco QQQ by 283.7% during the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock worth $13,587,000 after acquiring an additional 18,210 shares during the last quarter. Finally, FreeGulliver LLC boosted its position in Invesco QQQ by 24.6% during the 2nd quarter. FreeGulliver LLC now owns 3,254 shares of the exchange traded fund’s stock worth $1,795,000 after acquiring an additional 643 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ News Roundup

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

Invesco QQQ Stock Down 0.7%

Shares of QQQ opened at $583.98 on Wednesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The company has a 50 day moving average of $608.84 and a 200-day moving average of $609.92.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 23rd will be issued a dividend of $0.7328 per share. The ex-dividend date is Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.5%.

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.

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

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