Invesco QQQ $QQQ Stock Position Increased by Seros Financial LLC

Seros Financial LLC raised its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,523 shares of the exchange traded fund’s stock after purchasing an additional 756 shares during the period. Invesco QQQ accounts for approximately 9.9% of Seros Financial LLC’s portfolio, making the stock its 2nd largest holding. Seros Financial LLC’s holdings in Invesco QQQ were worth $16,908,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brown Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 4.9% in the fourth quarter. Brown Wealth Management LLC now owns 365 shares of the exchange traded fund’s stock valued at $224,000 after purchasing an additional 17 shares in the last quarter. Northbridge Financial Group LLC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $10,241,000. Banque Cantonale Vaudoise lifted its stake in shares of Invesco QQQ by 19.1% during the fourth quarter. Banque Cantonale Vaudoise now owns 57,901 shares of the exchange traded fund’s stock valued at $35,569,000 after buying an additional 9,279 shares during the period. Cullen Frost Bankers Inc. lifted its stake in shares of Invesco QQQ by 4.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 14,546 shares of the exchange traded fund’s stock valued at $8,936,000 after buying an additional 601 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of Invesco QQQ by 3.6% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 20,884 shares of the exchange traded fund’s stock valued at $12,829,000 after buying an additional 720 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $701.53 on Wednesday. The company’s 50 day simple moving average is $632.36 and its 200 day simple moving average is $621.19. Invesco QQQ has a 1 year low of $505.58 and a 1 year high of $722.03.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.7328 per share. 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%.

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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.

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

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