Mainstay Capital Management LLC ADV lifted its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,337 shares of the exchange traded fund’s stock after acquiring an additional 251 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in Invesco QQQ Trust were worth $1,560,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its position in Invesco QQQ Trust by 4.4% during the first quarter. FMR LLC now owns 155,853 shares of the exchange traded fund’s stock valued at $28,000,000 after acquiring an additional 6,637 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Invesco QQQ Trust by 38.7% in the second quarter. Parametric Portfolio Associates LLC now owns 23,557 shares of the exchange traded fund’s stock worth $4,399,000 after buying an additional 6,569 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Invesco QQQ Trust by 10.6% during the second quarter. UBS Asset Management Americas Inc. now owns 1,686 shares of the exchange traded fund’s stock worth $315,000 after purchasing an additional 161 shares during the period. Townsquare Capital LLC raised its stake in Invesco QQQ Trust by 5.8% during the second quarter. Townsquare Capital LLC now owns 3,300 shares of the exchange traded fund’s stock worth $618,000 after purchasing an additional 182 shares during the period. Finally, Advisors Capital Management LLC purchased a new position in Invesco QQQ Trust during the second quarter worth about $306,000. 39.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of QQQ opened at $223.38 on Tuesday. The firm has a 50-day simple moving average of $212.51 and a two-hundred day simple moving average of $197.45. Invesco QQQ Trust has a 1-year low of $160.32 and a 1-year high of $223.56.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th were issued a $0.4577 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.83 dividend on an annualized basis and a dividend yield of 0.82%. This is a boost from Invesco QQQ Trust’s previous quarterly dividend of $0.42.
Invesco QQQ Trust 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.
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