Mesirow Financial Investment Management Inc. Buys 1,507 Shares of Invesco QQQ $QQQ

Mesirow Financial Investment Management Inc. lifted its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,580 shares of the exchange traded fund’s stock after buying an additional 1,507 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Invesco QQQ were worth $19,564,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of QQQ. Navigoe LLC raised its position in Invesco QQQ by 300.0% in 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 in the last quarter. PayPay Securities Corp increased its holdings 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 worth $41,000 after buying an additional 30 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Invesco QQQ in the third quarter valued at approximately $42,000. Canoe Financial LP acquired a new position in shares of Invesco QQQ in the 3rd quarter worth approximately $64,000. Finally, Gleason Group Inc. grew its position in Invesco QQQ by 61.1% during the 3rd quarter. Gleason Group Inc. now owns 116 shares of the exchange traded fund’s stock worth $69,000 after acquiring an additional 44 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key Stories Impacting Invesco QQQ

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Invesco QQQ Stock Up 1.4%

Invesco QQQ stock opened at $616.34 on Thursday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The stock has a 50-day simple moving average of $616.46 and a 200 day simple moving average of $606.03.

Invesco QQQ Increases Dividend

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

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.

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

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