Saxon Interests Inc. Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Saxon Interests Inc. bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,910 shares of the exchange traded fund’s stock, valued at approximately $2,011,000. Invesco QQQ accounts for approximately 1.0% of Saxon Interests Inc.’s portfolio, making the stock its 24th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. 180 Wealth Advisors LLC increased its holdings in Invesco QQQ by 1.2% in the 3rd quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after purchasing an additional 29 shares in the last quarter. Goodwin Daniel L boosted its position in shares of Invesco QQQ by 76.1% during the 3rd quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock valued at $2,069,000 after purchasing an additional 2,495 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after acquiring an additional 243,305 shares in the last quarter. Scarborough Advisors LLC boosted its holdings in Invesco QQQ by 73.3% in the third quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock worth $492,000 after acquiring an additional 581 shares in the last quarter. Finally, VitalStone Financial LLC raised its stake in shares of Invesco QQQ by 302.0% in the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after purchasing an additional 16,079 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ traded down $0.82 on Thursday, reaching $444.01. 36,607,437 shares of the company’s stock traded hands, compared to its average volume of 44,988,266. The stock’s 50 day simple moving average is $433.84 and its two-hundred day simple moving average is $399.66. Invesco QQQ has a 52-week low of $309.89 and a 52-week high of $449.34.

Invesco QQQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Monday, March 18th.

Invesco QQQ 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.