Towercrest Capital Management Has $1.96 Million Stock Position in Invesco QQQ $QQQ

Towercrest Capital Management lifted its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 37.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,193 shares of the exchange traded fund’s stock after purchasing an additional 867 shares during the quarter. Towercrest Capital Management’s holdings in Invesco QQQ were worth $1,961,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of QQQ. HRT Financial LP grew its holdings 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 worth $1,735,226,000 after purchasing an additional 1,704,600 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Invesco QQQ by 120.2% during the 4th quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock worth $131,292,000 after purchasing an additional 1,270,102 shares in the last quarter. Analyst IMS Investment Management Services Ltd. grew its holdings in shares of Invesco QQQ by 68.6% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after purchasing an additional 712,026 shares in the last quarter. Japan Science & Technology Agency acquired a new stake in shares of Invesco QQQ during the 3rd quarter worth $179,311,000. Finally, NorthRock Partners LLC grew its holdings in shares of Invesco QQQ by 1,355.6% during the 3rd quarter. NorthRock Partners LLC now owns 304,852 shares of the exchange traded fund’s stock worth $183,024,000 after purchasing an additional 283,909 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ News Roundup

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

Invesco QQQ Price Performance

QQQ opened at $606.09 on Thursday. Invesco QQQ has a 52-week low of $415.43 and a 52-week high of $637.01. The business’s fifty day moving average is $599.95 and its 200-day moving average is $609.28.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 annualized dividend 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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