24,340 Shares in Invesco QQQ $QQQ Acquired by SageGuard Financial Group LLC

SageGuard Financial Group LLC acquired a new position in Invesco QQQ (NASDAQ:QQQFree Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 24,340 shares of the exchange traded fund’s stock, valued at approximately $14,952,000. Invesco QQQ makes up approximately 2.4% of SageGuard Financial Group LLC’s investment portfolio, making the stock its 12th biggest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sovran Advisors LLC boosted its stake in Invesco QQQ by 8.0% during the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after purchasing an additional 1,340 shares in the last quarter. Corepath Wealth Partners LLC boosted its stake in Invesco QQQ by 19.7% during the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after purchasing an additional 1,436 shares in the last quarter. Great Point Wealth Advisors LLC bought a new position in Invesco QQQ during the 3rd quarter valued at $507,000. Strengthening Families & Communities LLC bought a new position in Invesco QQQ during the 3rd quarter valued at $10,771,000. Finally, Cane Capital Partners LLC bought a new position in Invesco QQQ during the 4th quarter valued at $715,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ News Roundup

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

Invesco QQQ Stock Down 0.4%

Shares of NASDAQ QQQ opened at $644.33 on Wednesday. The stock has a fifty day moving average price of $603.00 and a two-hundred day moving average price of $611.37. Invesco QQQ has a 1 year low of $437.62 and a 1 year high of $650.20.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date 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.

See Also

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.