Accuvest Global Advisors purchased a new position in Invesco QQQ Trust (NASDAQ:QQQ) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,160 shares of the exchange traded fund’s stock, valued at approximately $217,000. Invesco QQQ Trust accounts for 0.3% of Accuvest Global Advisors’ holdings, making the stock its 23rd biggest position.
Other hedge funds and other institutional investors have also modified their holdings of the company. Morgan Stanley increased its holdings in Invesco QQQ Trust by 59.8% during the 2nd quarter. Morgan Stanley now owns 17,764,053 shares of the exchange traded fund’s stock worth $3,317,260,000 after purchasing an additional 6,650,061 shares during the period. Prospera Financial Services Inc purchased a new position in Invesco QQQ Trust during the 2nd quarter worth $8,993,000. Thoroughbred Financial Services LLC increased its holdings in Invesco QQQ Trust by 19,082.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 5,919,517 shares of the exchange traded fund’s stock worth $591,952,000 after purchasing an additional 5,888,658 shares during the period. Varma Mutual Pension Insurance Co increased its holdings in Invesco QQQ Trust by 796.0% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 5,838,234 shares of the exchange traded fund’s stock worth $1,102,316,000 after purchasing an additional 5,186,643 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Invesco QQQ Trust by 3.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,589,143 shares of the exchange traded fund’s stock worth $300,046,000 after purchasing an additional 48,873 shares during the period. Hedge funds and other institutional investors own 42.12% of the company’s stock.
QQQ opened at $201.54 on Wednesday. The stock’s fifty day moving average is $192.97 and its two-hundred day moving average is $188.39. Invesco QQQ Trust has a 52 week low of $143.46 and a 52 week high of $202.21.
The business also recently declared a — dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, September 24th were issued a $0.3842 dividend. The ex-dividend date was Monday, September 23rd. This represents a dividend yield of 0.8%.
Invesco QQQ Trust Company Profile
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.
Further Reading: Insider Trading – What You Need to Know
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