MONECO Advisors LLC grew its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 20.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,023 shares of the exchange traded fund’s stock after buying an additional 341 shares during the quarter. MONECO Advisors LLC’s holdings in Invesco QQQ Trust were worth $363,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Sontag Advisory LLC bought a new stake in shares of Invesco QQQ Trust during the fourth quarter worth about $46,000. CX Institutional grew its position in Invesco QQQ Trust by 1,811.1% in the 4th quarter. CX Institutional now owns 344 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 326 shares in the last quarter. Capital Financial Planning LLC bought a new stake in Invesco QQQ Trust in the 4th quarter worth about $55,000. LS Investment Advisors LLC grew its position in Invesco QQQ Trust by 25.0% in the 4th quarter. LS Investment Advisors LLC now owns 375 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 75 shares in the last quarter. Finally, St. Johns Investment Management Company LLC bought a new stake in Invesco QQQ Trust in the 1st quarter worth about $61,000. Institutional investors and hedge funds own 44.15% of the company’s stock.
QQQ stock traded down $0.81 during trading on Wednesday, reaching $181.02. The stock had a trading volume of 23,415,150 shares, compared to its average volume of 35,604,621. Invesco QQQ Trust has a one year low of $143.46 and a one year high of $191.32.
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.3242 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Monday, March 18th.
Invesco QQQ Trust Company Profile
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.
Featured Story: What strategies should day traders use to execute a trade?
Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.