Invesco QQQ $QQQ is Latitude Advisors LLC’s 3rd Largest Position

Latitude Advisors LLC lowered its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,629 shares of the exchange traded fund’s stock after selling 1,141 shares during the period. Invesco QQQ accounts for 4.8% of Latitude Advisors LLC’s holdings, making the stock its 3rd biggest position. Latitude Advisors LLC’s holdings in Invesco QQQ were worth $10,830,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. raised its holdings in shares of Invesco QQQ by 0.3% in the third quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund’s stock worth $1,843,749,000 after buying an additional 8,038 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Invesco QQQ by 2.2% in the third quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund’s stock worth $1,792,901,000 after buying an additional 64,025 shares during the last quarter. Analyst IMS Investment Management Services Ltd. raised its holdings in shares of 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 buying an additional 712,026 shares during the last quarter. US Bancorp DE raised its holdings in shares of Invesco QQQ by 0.5% in the third quarter. US Bancorp DE now owns 1,378,057 shares of the exchange traded fund’s stock worth $827,346,000 after buying an additional 7,378 shares during the last quarter. Finally, Maxi Investments CY Ltd raised its holdings in shares of Invesco QQQ by 8.1% in the third quarter. Maxi Investments CY Ltd now owns 1,235,000 shares of the exchange traded fund’s stock worth $741,457,000 after buying an additional 92,700 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Up 1.3%

NASDAQ QQQ opened at $648.85 on Friday. The company has a fifty day simple moving average of $601.69 and a two-hundred day simple moving average of $610.74. Invesco QQQ has a 12-month low of $427.93 and a 12-month high of $650.00.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid 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 0.5%.

Invesco QQQ Company 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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