Invesco QQQ $QQQ Shares Purchased by American Trust

American Trust grew its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,495 shares of the exchange traded fund’s stock after buying an additional 877 shares during the period. Invesco QQQ accounts for about 2.5% of American Trust’s portfolio, making the stock its 10th biggest holding. American Trust’s holdings in Invesco QQQ were worth $29,791,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in QQQ. 9823 Capital L.P. acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $8,907,000. Guggenheim Capital LLC lifted its holdings in Invesco QQQ by 0.3% during the 4th quarter. Guggenheim Capital LLC now owns 5,930 shares of the exchange traded fund’s stock worth $3,643,000 after purchasing an additional 18 shares during the last quarter. Appalachian Capital Management Ltd acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $3,433,000. Pennington Partners & CO. LLC lifted its holdings in Invesco QQQ by 31.9% during the 4th quarter. Pennington Partners & CO. LLC now owns 1,038 shares of the exchange traded fund’s stock worth $637,000 after purchasing an additional 251 shares during the last quarter. Finally, Synergy Financial Group LTD lifted its holdings in Invesco QQQ by 4.1% during the 4th quarter. Synergy Financial Group LTD now owns 1,533 shares of the exchange traded fund’s stock worth $942,000 after purchasing an additional 60 shares during the last quarter. 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 Stock Performance

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

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a 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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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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