J.Safra Asset Management Corp Has $240.28 Million Position in Invesco QQQ $QQQ

J.Safra Asset Management Corp raised its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 391,141 shares of the exchange traded fund’s stock after buying an additional 26,439 shares during the quarter. Invesco QQQ comprises approximately 12.6% of J.Safra Asset Management Corp’s portfolio, making the stock its biggest position. J.Safra Asset Management Corp’s holdings in Invesco QQQ were worth $240,282,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of QQQ. Fortune Financial Group Inc. bought a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $6,328,000. GWN Securities Inc. lifted its holdings in shares of Invesco QQQ by 7.8% during the fourth quarter. GWN Securities Inc. now owns 17,102 shares of the exchange traded fund’s stock valued at $10,506,000 after purchasing an additional 1,235 shares during the last quarter. First American Trust FSB boosted its position in shares of Invesco QQQ by 0.9% in the 4th quarter. First American Trust FSB now owns 3,449 shares of the exchange traded fund’s stock worth $2,119,000 after purchasing an additional 32 shares in the last quarter. Cooper Haims Advisors LLC grew its stake in shares of Invesco QQQ by 2.5% in the 4th quarter. Cooper Haims Advisors LLC now owns 946 shares of the exchange traded fund’s stock worth $581,000 after buying an additional 23 shares during the last quarter. Finally, Strategic Advocates LLC grew its stake in shares of Invesco QQQ by 3.1% in the 4th quarter. Strategic Advocates LLC now owns 58,429 shares of the exchange traded fund’s stock worth $36,193,000 after buying an additional 1,776 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Key Stories Impacting Invesco QQQ

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

Invesco QQQ Stock Down 2.0%

QQQ stock opened at $693.69 on Thursday. The business has a 50 day moving average of $675.37 and a 200 day moving average of $633.67. Invesco QQQ has a twelve month low of $523.65 and a twelve month high of $748.65.

Invesco QQQ Cuts Dividend

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

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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