Mount Lucas Management LP Has $28.73 Million Stock Position in Invesco QQQ $QQQ

Mount Lucas Management LP decreased its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,847 shares of the exchange traded fund’s stock after selling 1,692 shares during the quarter. Invesco QQQ makes up approximately 11.8% of Mount Lucas Management LP’s holdings, making the stock its largest holding. Mount Lucas Management LP’s holdings in Invesco QQQ were worth $28,726,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Navigoe LLC lifted its stake in shares of Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 45 shares during the period. PayPay Securities Corp raised its holdings in Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in Invesco QQQ during the 3rd quarter worth about $42,000. Canoe Financial LP acquired a new position in Invesco QQQ during the 3rd quarter valued at about $64,000. Finally, Gleason Group Inc. boosted its stake in shares of Invesco QQQ by 61.1% in the 3rd quarter. Gleason Group Inc. now owns 116 shares of the exchange traded fund’s stock valued at $69,000 after purchasing an additional 44 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 1.1%

Shares of NASDAQ:QQQ opened at $607.82 on Wednesday. The company has a 50 day moving average of $616.14 and a 200-day moving average of $605.96. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were issued a dividend of $0.7941 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69.

Key Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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