Quotient Wealth Partners LLC Purchases Shares of 651 Invesco QQQ (NASDAQ:QQQ)

Quotient Wealth Partners LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 651 shares of the exchange traded fund’s stock, valued at approximately $266,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. International Assets Investment Management LLC boosted its holdings in Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after purchasing an additional 28,263,426 shares in the last quarter. Comerica Bank acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at $140,657,000. Granite Bay Wealth Management LLC grew its position in shares of Invesco QQQ by 47.1% in the 4th quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock valued at $451,075,000 after buying an additional 378,922 shares during the last quarter. CHURCHILL MANAGEMENT Corp raised its stake in Invesco QQQ by 36.3% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock worth $578,680,000 after acquiring an additional 376,661 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in Invesco QQQ by 77.2% in the fourth quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock valued at $345,182,000 after acquiring an additional 367,317 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock traded up $5.02 during mid-day trading on Wednesday, hitting $450.95. 19,561,625 shares of the stock were exchanged, compared to its average volume of 44,273,656. Invesco QQQ has a 12-month low of $326.02 and a 12-month high of $451.12. The stock’s fifty day simple moving average is $436.91 and its two-hundred day simple moving average is $417.22.

Invesco QQQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were paid a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Monday, March 18th.

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.

See Also

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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