Invesco QQQ $QQQ Shares Purchased by Seros Financial LLC

Seros Financial LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 27,523 shares of the exchange traded fund’s stock after purchasing an additional 756 shares during the quarter. Invesco QQQ comprises 9.9% of Seros Financial LLC’s portfolio, making the stock its 2nd largest position. Seros Financial LLC’s holdings in Invesco QQQ were worth $16,908,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. SG Americas Securities LLC increased its position in Invesco QQQ by 120.2% during the fourth quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock worth $131,292,000 after purchasing an additional 1,270,102 shares during the last quarter. Analyst IMS Investment Management Services Ltd. increased its position in Invesco QQQ by 68.6% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after purchasing an additional 712,026 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Invesco QQQ by 11.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund’s stock worth $2,179,321,000 after purchasing an additional 375,581 shares during the last quarter. NorthRock Partners LLC increased its position in Invesco QQQ by 1,355.6% during the third quarter. NorthRock Partners LLC now owns 304,852 shares of the exchange traded fund’s stock worth $183,024,000 after purchasing an additional 283,909 shares during the last quarter. Finally, BXM Wealth LLC increased its position in Invesco QQQ by 1,744.9% during the fourth quarter. BXM Wealth LLC now owns 219,962 shares of the exchange traded fund’s stock worth $135,125,000 after purchasing an additional 208,039 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ News Roundup

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

Invesco QQQ Stock Down 0.6%

Shares of QQQ stock opened at $701.53 on Wednesday. Invesco QQQ has a one year low of $505.58 and a one year high of $722.03. The company has a 50 day moving average price of $632.36 and a 200 day moving average price of $621.19.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company Profile

(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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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