Okabena Investment Services Inc. Has $2.52 Million Stake in Invesco QQQ $QQQ

Okabena Investment Services Inc. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 19.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,104 shares of the exchange traded fund’s stock after buying an additional 673 shares during the period. Okabena Investment Services Inc.’s holdings in Invesco QQQ were worth $2,521,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of QQQ. Seneschal Advisors LLC boosted its position in shares of Invesco QQQ by 1.7% during the 4th quarter. Seneschal Advisors LLC now owns 1,815 shares of the exchange traded fund’s stock worth $1,115,000 after purchasing an additional 31 shares in the last quarter. Sovereign Investment Advisors LLC grew its stake in shares of Invesco QQQ by 6,762.6% in the 4th quarter. Sovereign Investment Advisors LLC now owns 50,303 shares of the exchange traded fund’s stock valued at $30,902,000 after buying an additional 49,570 shares during the period. Tobias Financial Advisors Inc. grew its stake in shares of Invesco QQQ by 3.8% in the 4th quarter. Tobias Financial Advisors Inc. now owns 7,205 shares of the exchange traded fund’s stock valued at $4,426,000 after buying an additional 263 shares during the period. Tamar Securities LLC grew its stake in shares of Invesco QQQ by 2.3% in the 4th quarter. Tamar Securities LLC now owns 1,507 shares of the exchange traded fund’s stock valued at $926,000 after buying an additional 34 shares during the period. Finally, TritonPoint Partners LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at about $944,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $744.00 on Tuesday. The stock has a 50-day moving average of $684.09 and a 200-day moving average of $636.34. Invesco QQQ has a one year low of $523.65 and a one year high of $748.65.

Invesco QQQ Cuts Dividend

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

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.