Invesco QQQ $QQQ Stock Holdings Raised by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC increased its position in Invesco QQQ (NASDAQ:QQQFree Report) by 59.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,489 shares of the exchange traded fund’s stock after purchasing an additional 8,386 shares during the period. Invesco QQQ accounts for 2.8% of Mach 1 Financial Group LLC’s portfolio, making the stock its 4th biggest position. Mach 1 Financial Group LLC’s holdings in Invesco QQQ were worth $13,816,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in QQQ. Brighton Jones LLC boosted its holdings in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares in the last quarter. Jupiter Wealth Management LLC bought a new stake in Invesco QQQ in the second quarter worth $290,000. Wealth Group Ltd. boosted its holdings in Invesco QQQ by 283.7% in the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock worth $13,587,000 after acquiring an additional 18,210 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Invesco QQQ by 1,057.3% in the second quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock worth $18,239,000 after acquiring an additional 30,206 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Key Invesco QQQ News

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

Invesco QQQ Price Performance

Invesco QQQ stock opened at $713.15 on Thursday. The business’s fifty day simple moving average is $634.47 and its two-hundred day simple moving average is $621.80. Invesco QQQ has a 12 month low of $505.58 and a 12 month high of $722.03.

Invesco QQQ Cuts Dividend

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

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.

Further Reading

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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