Beck Bode LLC Buys Shares of 496 Invesco QQQ (NASDAQ:QQQ)

Beck Bode LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 496 shares of the exchange traded fund’s stock, valued at approximately $203,000.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the period. Comerica Bank acquired a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $140,657,000. Granite Bay Wealth Management LLC raised its stake in Invesco QQQ by 47.1% during the 4th quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock worth $451,075,000 after buying an additional 378,922 shares during the period. CHURCHILL MANAGEMENT Corp boosted its holdings in Invesco QQQ by 36.3% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock worth $578,680,000 after acquiring an additional 376,661 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in Invesco QQQ by 77.2% in the fourth quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock worth $345,182,000 after acquiring an additional 367,317 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded down $3.10 during trading on Wednesday, hitting $421.49. The stock had a trading volume of 7,230,365 shares, compared to its average volume of 45,431,793. The firm has a fifty day moving average of $436.86 and a two-hundred day moving average of $411.54. Invesco QQQ has a 12 month low of $315.11 and a 12 month high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were paid a $0.5735 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%.

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.