Red Wave Investments LLC increased its stake in Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) by 0.8% in the fourth quarter, according to its latest filing with the Securities and Exchange Commission. The fund owned his 41,401 shares of ETF stock after purchasing an additional 335 shares during the quarter. Invesco QQQ Trust accounts for approximately 4.7% of Red Wave Investments LLC’s portfolio, making the stake his fourth largest holding. Red Wave Investments LLC’s Invesco QQQ Trust holdings were valued at $11,024,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares in the company. US Capital Wealth Advisors LLC increased his stake in Invesco QQQ Trust by 21.3% in the fourth quarter. US Capital Wealth Advisors LLC now owns 31,927 shares of the exchange-traded fund worth $8,501,000 after purchasing an additional 5,602 of his shares last quarter. Advisors Management Group Inc. ADV increased its stake in Invesco QQQ Trust by 11.8% in the fourth quarter. Advisors Management Group Inc. ADV now owns 5,411 shares of exchange-traded fund valued at $1,441,000 after purchasing an additional 573 shares in the previous quarter. Cutter & CO Brokerage Inc. increased his stake in Invesco QQQ Trust by 5.0% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 5,044 shares of exchange-traded fund valued at $1,343,000 after purchasing an additional 240 shares last quarter. Performa Ltd US LLC purchased additional shares of Invesco QQQ Trust worth approximately $1,997,000 in the fourth quarter. Finally, Diversified Investment Strategies LLC increased his stake in Invesco QQQ Trust by 109.2% in the fourth quarter. Diversified Investment Strategies LLC now owns 1,753 shares of exchange-traded fund valued at $467,000 after purchasing an additional 915 shares last quarter. 43.08% of the shares are owned by hedge funds and other institutional investors.
Invesco QQQ Trust stock price increase 0.1%
NASDAQ:QQQ opened Friday at $316.61. The company has a 50-day moving average price of $306.46 and a 200-day moving average price of $289.00. His one-year low on the Invesco QQQ Trust is $254.26 and his one-year high is $335.56.
Invesco QQQ Trust Cuts Dividend
The business recently announced a quarterly dividend payable on Friday, April 28th. Investors who register on Tuesday, March 21 will receive a dividend of $0.472. The ex-dividend date for this dividend is March 20 (Monday). This represents his $1.89 dividend and his 0.60% yield on an annual basis.
About Invesco QQQ Trust
PowerShares QQQ Trust, Series 1, is a unit mutual fund that issues securities called the 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 offers investors the opportunity to purchase Units of Trust Beneficial Interests representing a proportionate, undivided interest in the securities portfolio held by the Trust. Nasdaq 100 Index.
Want to know other hedge funds holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trading of Invesco QQQ Trust (NASDAQ:QQQ – Get Rating).
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