Paradigm Capital Management LLC NV Acquires 1,644 Shares of Invesco QQQ $QQQ

Paradigm Capital Management LLC NV increased its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 121.4% in the third quarter, Holdings Channel.com reports. The firm owned 2,998 shares of the exchange traded fund’s stock after acquiring an additional 1,644 shares during the period. Invesco QQQ makes up approximately 1.8% of Paradigm Capital Management LLC NV’s investment portfolio, making the stock its 17th biggest position. Paradigm Capital Management LLC NV’s holdings in Invesco QQQ were worth $1,800,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Orgel Wealth Management LLC raised its holdings in Invesco QQQ by 4.7% during the 3rd quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund’s stock valued at $229,000 after buying an additional 17 shares during the last quarter. Enclave Advisors LLC grew its holdings in Invesco QQQ by 0.9% in the 3rd quarter. Enclave Advisors LLC now owns 1,831 shares of the exchange traded fund’s stock worth $1,099,000 after acquiring an additional 17 shares during the last quarter. IFS Advisors LLC increased its position in shares of Invesco QQQ by 4.1% in the third quarter. IFS Advisors LLC now owns 431 shares of the exchange traded fund’s stock valued at $259,000 after acquiring an additional 17 shares during the period. Mezzasalma Advisors LLC raised its stake in shares of Invesco QQQ by 0.5% during the third quarter. Mezzasalma Advisors LLC now owns 3,312 shares of the exchange traded fund’s stock valued at $1,988,000 after acquiring an additional 17 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Invesco QQQ by 1.2% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,421 shares of the exchange traded fund’s stock worth $853,000 after purchasing an additional 17 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

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Invesco QQQ Price Performance

NASDAQ QQQ opened at $609.65 on Monday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The business’s 50-day moving average is $619.69 and its 200 day moving average is $602.56.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a $0.7941 dividend. The ex-dividend date was Monday, December 22nd. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase 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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