Nwam LLC grew its position in Invesco QQQ Trust (NASDAQ:QQQ) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,358 shares of the exchange traded fund’s stock after acquiring an additional 706 shares during the quarter. Invesco QQQ Trust comprises 2.1% of Nwam LLC’s holdings, making the stock its 6th largest position. Nwam LLC’s holdings in Invesco QQQ Trust were worth $9,766,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its stake in Invesco QQQ Trust by 74.1% during the third quarter. Alliancebernstein L.P. now owns 5,501 shares of the exchange traded fund’s stock worth $1,022,000 after acquiring an additional 2,341 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Invesco QQQ Trust by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 114,479 shares of the exchange traded fund’s stock worth $21,270,000 after acquiring an additional 1,154 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in Invesco QQQ Trust during the third quarter worth $752,000. AQR Capital Management LLC increased its stake in Invesco QQQ Trust by 21.2% during the third quarter. AQR Capital Management LLC now owns 142,377 shares of the exchange traded fund’s stock worth $18,459,000 after acquiring an additional 24,940 shares during the last quarter. Finally, M Holdings Securities Inc. increased its stake in Invesco QQQ Trust by 51.6% during the third quarter. M Holdings Securities Inc. now owns 44,960 shares of the exchange traded fund’s stock worth $8,353,000 after acquiring an additional 15,300 shares during the last quarter. Institutional investors and hedge funds own 47.22% of the company’s stock.
QQQ stock opened at $186.50 on Wednesday. Invesco QQQ Trust has a 52-week low of $143.46 and a 52-week high of $187.53.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.3242 per share. The ex-dividend date is Monday, March 18th. This represents a $1.30 annualized dividend and a yield of 0.70%.
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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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