Basso Capital Management L.P. Acquires 1,185 Shares of Invesco QQQ $QQQ

Basso Capital Management L.P. boosted its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 94.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,442 shares of the exchange traded fund’s stock after acquiring an additional 1,185 shares during the quarter. Invesco QQQ accounts for about 0.9% of Basso Capital Management L.P.’s investment portfolio, making the stock its 22nd biggest position. Basso Capital Management L.P.’s holdings in Invesco QQQ were worth $1,500,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. Well Done LLC grew its stake in Invesco QQQ by 0.5% during the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock worth $2,113,000 after buying an additional 16 shares during the last quarter. Tenon Financial LLC grew its stake in Invesco QQQ by 2.2% during the fourth quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock worth $494,000 after buying an additional 17 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in Invesco QQQ by 1.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock worth $625,000 after buying an additional 17 shares during the last quarter. Cascade Investment Group Inc. grew its stake in Invesco QQQ by 4.6% during the fourth quarter. Cascade Investment Group Inc. now owns 388 shares of the exchange traded fund’s stock worth $238,000 after buying an additional 17 shares during the last quarter. Finally, Keeler & Nadler Financial Planning & Wealth Management grew its stake in Invesco QQQ by 3.0% during the fourth quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 576 shares of the exchange traded fund’s stock worth $354,000 after buying an additional 17 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Roundup

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

Invesco QQQ Stock Down 1.0%

Shares of Invesco QQQ stock opened at $722.51 on Thursday. Invesco QQQ has a 1-year low of $523.65 and a 1-year high of $748.65. The firm’s 50-day moving average price is $689.67 and its two-hundred day moving average price is $637.91.

Invesco QQQ Cuts Dividend

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

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.

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

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