Invesco QQQ $QQQ is Darrow Company Inc.’s Largest Position

Darrow Company Inc. boosted its position in Invesco QQQ (NASDAQ:QQQFree Report) by 2.2% in the third quarter, Holdings Channel.com reports. The firm owned 46,219 shares of the exchange traded fund’s stock after acquiring an additional 1,001 shares during the quarter. Invesco QQQ makes up about 13.0% of Darrow Company Inc.’s holdings, making the stock its largest position. Darrow Company Inc.’s holdings in Invesco QQQ were worth $28,005,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Morgan Dempsey Capital Management LLC acquired a new position in Invesco QQQ during the second quarter worth $30,000. Navigoe LLC lifted its holdings in Invesco QQQ by 300.0% in the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 45 shares during the period. Marshall & Sullivan Inc. WA purchased a new stake in shares of Invesco QQQ during the 2nd quarter worth $41,000. PayPay Securities Corp grew its stake in shares of Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Invesco QQQ in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key Invesco QQQ News

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

Invesco QQQ Trading Up 0.4%

Shares of NASDAQ QQQ opened at $621.78 on Friday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The firm has a 50-day moving average price of $616.17 and a 200 day moving average price of $594.94.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a dividend of $0.7941 per share. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69.

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.

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

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