Procyon Advisors LLC Has $14.53 Million Holdings in Invesco QQQ $QQQ

Procyon Advisors LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 293.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,657 shares of the exchange traded fund’s stock after acquiring an additional 17,643 shares during the period. Procyon Advisors LLC’s holdings in Invesco QQQ were worth $14,533,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQ. 1832 Asset Management L.P. lifted its position in shares of Invesco QQQ by 100.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock worth $1,167,000 after purchasing an additional 40,999,982 shares during the last quarter. HRT Financial LP lifted its holdings in shares of Invesco QQQ by 118.3% during the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after buying an additional 1,704,600 shares during the last quarter. Laurel Wealth Advisors LLC boosted its position in shares of Invesco QQQ by 54,491.8% in the second quarter. Laurel Wealth Advisors LLC now owns 313,357 shares of the exchange traded fund’s stock valued at $172,860,000 after acquiring an additional 312,783 shares during the period. Mizuho Bank Ltd. acquired a new stake in shares of Invesco QQQ in the second quarter worth $165,492,000. Finally, Japan Science & Technology Agency bought a new position in Invesco QQQ during the third quarter worth $179,311,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Key Invesco QQQ News

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

Invesco QQQ Trading Down 1.8%

NASDAQ:QQQ opened at $582.06 on Monday. The company has a fifty day moving average price of $610.46 and a 200 day moving average price of $609.78. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 23rd will be given a dividend of $0.7328 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $2.93 dividend on an annualized basis 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.

Further Reading

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

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