Invesco QQQ $QQQ is Cambridge Investment Research Advisors Inc.’s 4th Largest Position

Cambridge Investment Research Advisors Inc. trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,320,608 shares of the exchange traded fund’s stock after selling 19,457 shares during the period. Invesco QQQ accounts for about 2.1% of Cambridge Investment Research Advisors Inc.’s holdings, making the stock its 4th biggest holding. Cambridge Investment Research Advisors Inc.’s holdings in Invesco QQQ were worth $811,262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Noesis Capital Mangement Corp boosted its position in Invesco QQQ by 3.3% during the 4th quarter. Noesis Capital Mangement Corp now owns 1,286 shares of the exchange traded fund’s stock worth $790,000 after purchasing an additional 41 shares during the period. Hills Bank & Trust Co boosted its position in Invesco QQQ by 2.7% during the 4th quarter. Hills Bank & Trust Co now owns 1,442 shares of the exchange traded fund’s stock worth $886,000 after purchasing an additional 38 shares during the period. Center for Financial Planning Inc. boosted its position in Invesco QQQ by 4.4% during the 4th quarter. Center for Financial Planning Inc. now owns 1,863 shares of the exchange traded fund’s stock worth $1,144,000 after purchasing an additional 79 shares during the period. Plus Group Wealth Advisors LLC purchased a new stake in Invesco QQQ during the 4th quarter worth $11,281,000. Finally, Stephens Inc. AR lifted its holdings in Invesco QQQ by 3.6% in the 4th quarter. Stephens Inc. AR now owns 267,960 shares of the exchange traded fund’s stock worth $164,610,000 after buying an additional 9,378 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.5%

Shares of QQQ stock opened at $708.93 on Friday. Invesco QQQ has a 12 month low of $505.58 and a 12 month high of $722.03. The company’s fifty day moving average price is $628.38 and its two-hundred day moving average price is $620.26.

Invesco QQQ Cuts Dividend

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

More Invesco QQQ News

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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.

See Also

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

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