Invesco QQQ (NASDAQ:QQQ) Shares Bought by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,933 shares of the exchange traded fund’s stock after purchasing an additional 521 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Invesco QQQ were worth $5,296,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Red Tortoise LLC lifted its stake in Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 74 shares during the period. Friedenthal Financial acquired a new stake in Invesco QQQ during the 4th quarter valued at approximately $41,000. Bear Mountain Capital Inc. acquired a new stake in Invesco QQQ during the 4th quarter valued at approximately $42,000. Core Wealth Advisors Inc. lifted its stake in Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 30 shares during the period. Finally, Blume Capital Management Inc. lifted its stake in Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 3,500 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $431.00 on Friday. The company has a 50 day simple moving average of $436.88 and a two-hundred day simple moving average of $410.11. Invesco QQQ has a 12 month low of $315.05 and a 12 month high of $449.34.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, March 18th.

About Invesco QQQ

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.