Wallace Hart LLC Purchases 1,471 Shares of Invesco QQQ $QQQ

Wallace Hart LLC raised its position in Invesco QQQ (NASDAQ:QQQFree Report) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,885 shares of the exchange traded fund’s stock after acquiring an additional 1,471 shares during the quarter. Invesco QQQ makes up approximately 34.4% of Wallace Hart LLC’s portfolio, making the stock its biggest position. Wallace Hart LLC’s holdings in Invesco QQQ were worth $46,760,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. 1832 Asset Management L.P. increased its holdings in Invesco QQQ by 100.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock worth $1,167,000 after purchasing an additional 40,999,982 shares during the period. Symphony Financial Ltd. Co. acquired a new position in shares of Invesco QQQ during the second quarter worth about $1,236,482,000. HRT Financial LP grew its position in shares of Invesco QQQ by 118.3% during the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after buying an additional 1,704,600 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Invesco QQQ by 42.4% during the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after buying an additional 1,457,109 shares during the period. Finally, Kensington Asset Management LLC raised its holdings in Invesco QQQ by 2,124.5% in the second quarter. Kensington Asset Management LLC now owns 366,881 shares of the exchange traded fund’s stock valued at $202,386,000 after acquiring an additional 350,388 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.7%

Shares of Invesco QQQ stock opened at $626.14 on Tuesday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The company has a 50 day moving average of $620.25 and a 200 day moving average of $601.30.

Invesco QQQ Increases Dividend

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

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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.

See Also

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

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