EFG Asset Management Americas Corp. Invests $4.65 Million in Invesco QQQ $QQQ

EFG Asset Management Americas Corp. bought a new stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,737 shares of the exchange traded fund’s stock, valued at approximately $4,645,000.

Several other institutional investors also recently bought and sold shares of the company. CLG LLC increased its position in shares of Invesco QQQ by 4.2% during the third quarter. CLG LLC now owns 496 shares of the exchange traded fund’s stock worth $298,000 after purchasing an additional 20 shares in the last quarter. Calydon Capital boosted its position in shares of Invesco QQQ by 5.9% in the 3rd quarter. Calydon Capital now owns 469 shares of the exchange traded fund’s stock worth $281,000 after purchasing an additional 26 shares in the last quarter. Cannell & Spears LLC grew its stake in Invesco QQQ by 1.9% during the 3rd quarter. Cannell & Spears LLC now owns 3,523 shares of the exchange traded fund’s stock worth $2,115,000 after buying an additional 67 shares during the last quarter. Chevy Chase Trust Holdings LLC increased its position in Invesco QQQ by 1.5% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 3,541 shares of the exchange traded fund’s stock valued at $2,126,000 after buying an additional 54 shares in the last quarter. Finally, Circle Wealth Management LLC increased its position in Invesco QQQ by 18.6% during the 3rd quarter. Circle Wealth Management LLC now owns 54,614 shares of the exchange traded fund’s stock valued at $32,789,000 after buying an additional 8,554 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

More Invesco QQQ News

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Invesco QQQ Trading Down 0.6%

Invesco QQQ stock opened at $593.72 on Friday. The stock has a 50-day moving average of $613.26 and a two-hundred day moving average of $608.68. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

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

Invesco QQQ Company Profile

(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

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)

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