Mutual Advisors LLC Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Mutual Advisors LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 2.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 93,110 shares of the exchange traded fund’s stock after acquiring an additional 2,333 shares during the period. Invesco QQQ accounts for about 1.4% of Mutual Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Mutual Advisors LLC’s holdings in Invesco QQQ were worth $47,773,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Invesco QQQ by 9.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,491 shares of the exchange traded fund’s stock worth $714,000 after buying an additional 125 shares in the last quarter. 1832 Asset Management L.P. lifted its position in Invesco QQQ by 1.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,448 shares of the exchange traded fund’s stock valued at $1,173,000 after acquiring an additional 25 shares in the last quarter. AQR Capital Management LLC boosted its stake in Invesco QQQ by 332.0% during the 2nd quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock valued at $5,769,000 after purchasing an additional 9,254 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Invesco QQQ by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after purchasing an additional 338,494 shares in the last quarter. Finally, Drucker Wealth 3.0 LLC purchased a new position in shares of Invesco QQQ in the second quarter worth $203,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.2 %

Shares of NASDAQ:QQQ opened at $532.64 on Friday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The stock’s fifty day moving average price is $516.72 and its 200-day moving average price is $492.81.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

Invesco QQQ Profile

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.