35,068 Shares in Invesco QQQ $QQQ Purchased by Steinberganna Wealth Management

Steinberganna Wealth Management acquired a new position in Invesco QQQ (NASDAQ:QQQFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 35,068 shares of the exchange traded fund’s stock, valued at approximately $21,054,000. Invesco QQQ comprises about 9.9% of Steinberganna Wealth Management’s investment portfolio, making the stock its 2nd largest holding.

A number of other hedge funds have also recently modified their holdings of the business. Morgan Dempsey Capital Management LLC purchased a new position in Invesco QQQ during the 2nd quarter valued at $30,000. Navigoe LLC lifted its position in shares of Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 45 shares during the last quarter. PayPay Securities Corp boosted its stake in shares of Invesco QQQ by 78.9% during the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 30 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the third quarter valued at $42,000. Finally, Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ in the second quarter worth about $41,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Trading Down 0.6%

Shares of QQQ opened at $620.47 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The company has a 50-day moving average of $616.04 and a 200 day moving average of $592.06.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a dividend of $0.7941 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd.

About Invesco QQQ

(Free Report)

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 Stories

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 (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.