Invesco QQQ $QQQ is Wallace Hart LLC’s Largest Position

Wallace Hart LLC lifted its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 1.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 77,885 shares of the exchange traded fund’s stock after acquiring an additional 1,471 shares during the period. Invesco QQQ accounts for approximately 34.4% of Wallace Hart LLC’s portfolio, making the stock its biggest position. Wallace Hart LLC’s holdings in Invesco QQQ were worth $46,760,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Delta Asset Management LLC TN boosted its stake in Invesco QQQ by 13.4% in the third quarter. Delta Asset Management LLC TN now owns 709 shares of the exchange traded fund’s stock valued at $426,000 after acquiring an additional 84 shares in the last quarter. Sollinda Capital Management LLC lifted its holdings in shares of Invesco QQQ by 183.8% in the 3rd quarter. Sollinda Capital Management LLC now owns 2,143 shares of the exchange traded fund’s stock valued at $1,286,000 after purchasing an additional 1,388 shares during the last quarter. SP Asset Management LLC boosted its position in shares of Invesco QQQ by 10.0% in the 3rd quarter. SP Asset Management LLC now owns 5,416 shares of the exchange traded fund’s stock valued at $3,251,000 after purchasing an additional 492 shares during the period. Peterson Wealth Services purchased a new position in Invesco QQQ during the 3rd quarter worth approximately $4,109,000. Finally, Peak Retirement Planning Inc. increased its position in Invesco QQQ by 67.3% during the third quarter. Peak Retirement Planning Inc. now owns 1,802 shares of the exchange traded fund’s stock worth $1,082,000 after buying an additional 725 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Invesco QQQ

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Invesco QQQ Price Performance

QQQ stock opened at $626.14 on Tuesday. The business has a 50 day simple moving average of $620.25 and a 200-day simple moving average of $601.30. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a $0.7941 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, December 22nd.

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.

See Also

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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