Invesco QQQ $QQQ is Strategic Advocates LLC’s Largest Position

Strategic Advocates LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,429 shares of the exchange traded fund’s stock after acquiring an additional 1,776 shares during the quarter. Invesco QQQ comprises approximately 9.3% of Strategic Advocates LLC’s portfolio, making the stock its biggest holding. Strategic Advocates LLC’s holdings in Invesco QQQ were worth $36,193,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of QQQ. SG Americas Securities LLC raised its position in 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 worth $131,292,000 after acquiring an additional 1,270,102 shares in the last quarter. Analyst IMS Investment Management Services Ltd. raised its position in 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 worth $1,075,091,000 after acquiring an additional 712,026 shares in the last quarter. Axxcess Wealth Management LLC raised its position in Invesco QQQ by 1,216.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 561,706 shares of the exchange traded fund’s stock worth $345,070,000 after acquiring an additional 519,051 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Invesco QQQ by 11.8% in 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 acquiring an additional 375,581 shares in the last quarter. Finally, NorthRock Partners LLC raised its position in 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 worth $183,024,000 after acquiring an additional 283,909 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

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Invesco QQQ Trading Down 1.2%

NASDAQ:QQQ opened at $707.83 on Wednesday. Invesco QQQ has a 1 year low of $523.65 and a 1 year high of $748.65. The stock has a fifty day moving average price of $672.66 and a two-hundred day moving average price of $632.91.

Invesco QQQ Cuts Dividend

The company also recently declared 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 was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%.

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.

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

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