Invesco QQQ $QQQ Shares Acquired by Brown Advisory Inc.

Brown Advisory Inc. increased its position in Invesco QQQ (NASDAQ:QQQFree Report) by 84.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 141,870 shares of the exchange traded fund’s stock after acquiring an additional 65,059 shares during the period. Brown Advisory Inc.’s holdings in Invesco QQQ were worth $87,152,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Goodman Advisory Group LLC purchased a new stake in Invesco QQQ during the third quarter worth approximately $25,000. Shcp LLC purchased a new position in shares of Invesco QQQ in the third quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Invesco QQQ by 2,150.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 43 shares during the period. Rachor Investment Advisory Services LLC purchased a new position in shares of Invesco QQQ in the fourth quarter valued at $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Invesco QQQ in the third quarter valued at $40,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key Stories Impacting Invesco QQQ

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

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $721.34 on Monday. The firm has a fifty day simple moving average of $680.91 and a 200-day simple moving average of $635.39. Invesco QQQ has a twelve month low of $523.65 and a twelve month high of $748.65.

Invesco QQQ Cuts Dividend

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

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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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