Thoroughbred Financial Services LLC increased its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 6.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,859 shares of the exchange traded fund’s stock after buying an additional 1,807 shares during the quarter. Invesco QQQ Trust accounts for about 2.3% of Thoroughbred Financial Services LLC’s investment portfolio, making the stock its 6th largest position. Thoroughbred Financial Services LLC’s holdings in Invesco QQQ Trust were worth $5,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of QQQ. Sontag Advisory LLC acquired a new stake in Invesco QQQ Trust during the 4th quarter valued at $46,000. Capital Financial Planning LLC acquired a new stake in shares of Invesco QQQ Trust in the 4th quarter valued at $55,000. LS Investment Advisors LLC increased its stake in shares of Invesco QQQ Trust by 25.0% in the 4th quarter. LS Investment Advisors LLC now owns 375 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 75 shares during the period. St. Johns Investment Management Company LLC acquired a new stake in shares of Invesco QQQ Trust in the 1st quarter valued at $61,000. Finally, Delta Asset Management LLC TN increased its stake in shares of Invesco QQQ Trust by 149.1% in the 4th quarter. Delta Asset Management LLC TN now owns 436 shares of the exchange traded fund’s stock valued at $67,000 after buying an additional 261 shares during the period. Institutional investors and hedge funds own 44.15% of the company’s stock.
Shares of NASDAQ QQQ traded down $1.89 during midday trading on Friday, hitting $183.04. The stock had a trading volume of 44,424,918 shares, compared to its average volume of 36,698,036. Invesco QQQ Trust has a fifty-two week low of $143.46 and a fifty-two week high of $191.32.
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were paid a $0.3242 dividend. The ex-dividend date was Monday, March 18th. This represents a $1.30 annualized dividend and a dividend yield of 0.71%.
COPYRIGHT VIOLATION WARNING: “Thoroughbred Financial Services LLC Buys 1,807 Shares of Invesco QQQ Trust (QQQ)” was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this story on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.thelincolnianonline.com/2019/05/18/thoroughbred-financial-services-llc-buys-1807-shares-of-invesco-qqq-trust-qqq.html.
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.
Featured Article: How do taxes affect a CDs total return?
Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQ).
Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.