Advisors Capital Management LLC acquired a new stake in Invesco QQQ Trust (NASDAQ:QQQ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,112 shares of the exchange traded fund’s stock, valued at approximately $207,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in QQQ. Signature Estate & Investment Advisors LLC acquired a new position in shares of Invesco QQQ Trust during the 2nd quarter worth $104,000. Providence Capital Advisors LLC grew its stake in shares of Invesco QQQ Trust by 487.4% during the 2nd quarter. Providence Capital Advisors LLC now owns 605 shares of the exchange traded fund’s stock worth $104,000 after purchasing an additional 502 shares during the period. Opera Trading Capital acquired a new position in shares of Invesco QQQ Trust during the 2nd quarter worth $112,000. Quad Cities Investment Group LLC acquired a new position in shares of Invesco QQQ Trust during the 2nd quarter worth $128,000. Finally, MinichMacGregor Wealth Management LLC acquired a new position in shares of Invesco QQQ Trust during the 2nd quarter worth $143,000. 39.00% of the stock is currently owned by institutional investors.
NASDAQ:QQQ opened at $174.32 on Friday. Invesco QQQ Trust has a fifty-two week low of $146.33 and a fifty-two week high of $187.53.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Tuesday, September 25th will be paid a $0.3298 dividend. The ex-dividend date is Monday, September 24th. This represents a $1.32 dividend on an annualized basis and a yield of 0.76%.
About Invesco QQQ Trust
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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