Invesco QQQ $QQQ Shares Bought by West Michigan Advisors LLC

West Michigan Advisors LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 66.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,314 shares of the exchange traded fund’s stock after acquiring an additional 1,722 shares during the period. West Michigan Advisors LLC’s holdings in Invesco QQQ were worth $2,650,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of Invesco QQQ by 120.2% in the fourth quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock valued at $131,292,000 after purchasing an additional 1,270,102 shares in the last quarter. Analyst IMS Investment Management Services Ltd. lifted its holdings in shares of Invesco QQQ by 68.6% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock valued at $1,075,091,000 after purchasing an additional 712,026 shares in the last quarter. Japan Science & Technology Agency purchased a new stake in shares of Invesco QQQ in the third quarter valued at $179,311,000. NorthRock Partners LLC lifted its holdings in shares of Invesco QQQ by 1,355.6% in the third quarter. NorthRock Partners LLC now owns 304,852 shares of the exchange traded fund’s stock valued at $183,024,000 after purchasing an additional 283,909 shares in the last quarter. Finally, BXM Wealth LLC lifted its holdings in shares of Invesco QQQ by 1,744.9% in the fourth quarter. BXM Wealth LLC now owns 219,962 shares of the exchange traded fund’s stock valued at $135,125,000 after purchasing an additional 208,039 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $651.42 on Friday. The stock has a fifty day moving average of $604.85 and a 200-day moving average of $611.96. Invesco QQQ has a 12-month low of $455.83 and a 12-month high of $656.92.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%.

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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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