Bleakley Financial Group LLC Has $51.48 Million Stock Holdings in Invesco QQQ $QQQ

Bleakley Financial Group LLC raised its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 19.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 83,800 shares of the exchange traded fund’s stock after buying an additional 13,531 shares during the quarter. Invesco QQQ comprises approximately 0.9% of Bleakley Financial Group LLC’s investment portfolio, making the stock its 28th biggest position. Bleakley Financial Group LLC’s holdings in Invesco QQQ were worth $51,479,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sovran Advisors LLC grew its position in Invesco QQQ by 8.0% during the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock worth $11,212,000 after acquiring an additional 1,340 shares during the last quarter. Corepath Wealth Partners LLC grew its position in Invesco QQQ by 19.7% during the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock worth $5,471,000 after acquiring an additional 1,436 shares during the last quarter. Strengthening Families & Communities LLC bought a new stake in Invesco QQQ during the 3rd quarter worth $10,771,000. Cane Capital Partners LLC bought a new stake in Invesco QQQ during the 4th quarter worth $715,000. Finally, Coyle Financial Counsel LLC grew its position in shares of Invesco QQQ by 4.9% in the 3rd quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock valued at $26,091,000 after buying an additional 2,035 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $717.54 on Tuesday. The business’s 50-day moving average price is $641.20 and its two-hundred day moving average price is $623.69. Invesco QQQ has a 12 month low of $505.58 and a 12 month high of $722.12.

Invesco QQQ Cuts Dividend

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

More Invesco QQQ News

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Invesco QQQ 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.

Further Reading

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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