Lazard Freres Gestion S.A.S. Buys 2,646 Shares of Invesco QQQ $QQQ

Lazard Freres Gestion S.A.S. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 161.6% during the fourth quarter, HoldingsChannel reports. The firm owned 4,283 shares of the exchange traded fund’s stock after acquiring an additional 2,646 shares during the quarter. Lazard Freres Gestion S.A.S.’s holdings in Invesco QQQ were worth $2,631,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQ. Goodman Advisory Group LLC bought a new stake in Invesco QQQ in the 3rd quarter valued at $25,000. Shcp LLC bought a new stake in Invesco QQQ in the 3rd quarter valued at $27,000. Rachor Investment Advisory Services LLC bought a new stake in Invesco QQQ in the 4th quarter valued at $29,000. Measured Wealth Private Client Group LLC bought a new stake in Invesco QQQ in the 3rd quarter valued at $40,000. Finally, Morgan Dempsey Capital Management LLC raised its stake in Invesco QQQ by 45.5% in the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 80 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 25 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Roundup

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

Invesco QQQ Stock Performance

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

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, March 23rd.

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.

Further Reading

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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