Lazard Freres Gestion S.A.S. Has $2.63 Million Stock Position in Invesco QQQ $QQQ

Lazard Freres Gestion S.A.S. grew its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 161.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,283 shares of the exchange traded fund’s stock after acquiring an additional 2,646 shares during the quarter. Lazard Freres Gestion S.A.S.’s holdings in Invesco QQQ were worth $2,631,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Fischer Financial Services Inc. boosted its position in Invesco QQQ by 2.8% during the 4th quarter. Fischer Financial Services Inc. now owns 29,759 shares of the exchange traded fund’s stock worth $18,281,000 after acquiring an additional 814 shares during the last quarter. Kennedy Investment Group boosted its position in Invesco QQQ by 9.8% during the 4th quarter. Kennedy Investment Group now owns 1,149 shares of the exchange traded fund’s stock worth $706,000 after acquiring an additional 103 shares during the last quarter. IFP Advisors Inc boosted its position in Invesco QQQ by 3.8% during the 4th quarter. IFP Advisors Inc now owns 96,489 shares of the exchange traded fund’s stock worth $59,274,000 after acquiring an additional 3,535 shares during the last quarter. TPG Financial Advisors LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $308,000. Finally, Seros Financial LLC raised its stake in shares of Invesco QQQ by 2.8% during the 4th quarter. Seros Financial LLC now owns 27,523 shares of the exchange traded fund’s stock worth $16,908,000 after purchasing an additional 756 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.6%

Shares of Invesco QQQ stock opened at $701.53 on Wednesday. Invesco QQQ has a 12-month low of $505.58 and a 12-month high of $722.03. The business’s 50 day moving average is $632.36 and its 200-day moving average is $621.19.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%.

Invesco QQQ News Summary

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

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.

Further Reading

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

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