Flputnam Investment Management Co. Raises Stock Position in Invesco QQQ $QQQ

Flputnam Investment Management Co. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,432 shares of the exchange traded fund’s stock after buying an additional 1,553 shares during the quarter. Flputnam Investment Management Co.’s holdings in Invesco QQQ were worth $28,524,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of QQQ. Sovran Advisors LLC increased its stake in Invesco QQQ by 8.0% in the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after buying an additional 1,340 shares during the period. Corepath Wealth Partners LLC increased its stake in Invesco QQQ by 19.7% in the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after buying an additional 1,436 shares during the period. Strengthening Families & Communities LLC acquired a new position in Invesco QQQ in the 3rd quarter valued at $10,771,000. Cane Capital Partners LLC acquired a new position in Invesco QQQ in the 4th quarter valued at $715,000. Finally, Coyle Financial Counsel LLC increased its stake in Invesco QQQ by 4.9% in the 3rd quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock valued at $26,091,000 after buying an additional 2,035 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $730.28 on Wednesday. The company’s fifty day moving average is $643.93 and its two-hundred day moving average is $624.45. Invesco QQQ has a 1 year low of $511.93 and a 1 year high of $731.17.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%.

Key Invesco QQQ News

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

Invesco QQQ Company 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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