Invesco QQQ $QQQ Position Boosted by Absolute Capital Management LLC

Absolute Capital Management LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 13.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,433 shares of the exchange traded fund’s stock after acquiring an additional 2,503 shares during the quarter. Invesco QQQ makes up approximately 5.5% of Absolute Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Absolute Capital Management LLC’s holdings in Invesco QQQ were worth $12,868,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Invesco QQQ in the second quarter valued at $30,000. Navigoe LLC boosted its stake in Invesco QQQ by 300.0% in the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 45 shares during the last quarter. PayPay Securities Corp grew its holdings in Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 30 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter valued at about $42,000. Finally, Moser Wealth Advisors LLC lifted its holdings in shares of Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 93 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ News Roundup

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

Invesco QQQ Price Performance

QQQ opened at $633.22 on Thursday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The company’s 50 day simple moving average is $618.32 and its 200 day simple moving average is $599.58.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a dividend of $0.7941 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. This is a boost 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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