Invesco QQQ $QQQ Shares Acquired by Flputnam Investment Management Co.

Flputnam Investment Management Co. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 46,432 shares of the exchange traded fund’s stock after purchasing an additional 1,553 shares during the period. Flputnam Investment Management Co.’s holdings in Invesco QQQ were worth $28,524,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. M3 Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter worth about $1,262,000. Integrity Alliance LLC. boosted its position in shares of Invesco QQQ by 42.7% in the 4th quarter. Integrity Alliance LLC. now owns 107,031 shares of the exchange traded fund’s stock worth $65,750,000 after buying an additional 32,024 shares in the last quarter. Integrity Advisory Solutions LLC boosted its position in shares of Invesco QQQ by 11.5% in the 4th quarter. Integrity Advisory Solutions LLC now owns 15,723 shares of the exchange traded fund’s stock worth $9,659,000 after buying an additional 1,620 shares in the last quarter. Family Office Research LLC boosted its position in shares of Invesco QQQ by 1.4% in the 4th quarter. Family Office Research LLC now owns 21,305 shares of the exchange traded fund’s stock worth $13,228,000 after buying an additional 288 shares in the last quarter. Finally, Arvest Bank Trust Division boosted its position in shares of Invesco QQQ by 32.2% in the 4th quarter. Arvest Bank Trust Division now owns 2,375 shares of the exchange traded fund’s stock worth $1,459,000 after buying an additional 579 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.8%

Invesco QQQ stock opened at $730.28 on Wednesday. Invesco QQQ has a 52 week low of $511.93 and a 52 week high of $731.17. The firm’s 50-day simple moving average is $643.93 and its 200 day simple moving average is $624.45.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued 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.

More Invesco QQQ News

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

Invesco QQQ 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.

Read More

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)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.