Macroview Investment Management LLC Has $2.72 Million Position in Invesco QQQ (NASDAQ:QQQ)

Macroview Investment Management LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,645 shares of the exchange traded fund’s stock after selling 80 shares during the quarter. Invesco QQQ comprises about 3.2% of Macroview Investment Management LLC’s portfolio, making the stock its 6th biggest position. Macroview Investment Management LLC’s holdings in Invesco QQQ were worth $2,721,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in Invesco QQQ by 113.5% during the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after purchasing an additional 48,423,350 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of Invesco QQQ by 156,045.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after buying an additional 43,463,232 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after buying an additional 28,263,426 shares during the period. Morgan Stanley grew its stake in Invesco QQQ by 10.0% in the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after buying an additional 1,533,114 shares in the last quarter. Finally, Granite Bay Wealth Management LLC raised its holdings in Invesco QQQ by 2,372.7% during the 3rd quarter. Granite Bay Wealth Management LLC now owns 804,357 shares of the exchange traded fund’s stock valued at $298,345,000 after acquiring an additional 771,827 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.0 %

NASDAQ:QQQ traded up $0.04 during trading hours on Tuesday, hitting $431.10. The stock had a trading volume of 47,311,289 shares, compared to its average volume of 45,457,359. The company has a 50 day simple moving average of $438.29 and a two-hundred day simple moving average of $406.76. Invesco QQQ has a one year low of $309.89 and a one year high of $449.34.

Invesco QQQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders 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 yield of 0.53%. The ex-dividend date 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.