Clear Street Group Inc. Grows Holdings in Invesco QQQ $QQQ

Clear Street Group Inc. boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,357 shares of the exchange traded fund’s stock after acquiring an additional 766 shares during the period. Invesco QQQ accounts for about 0.3% of Clear Street Group Inc.’s investment portfolio, making the stock its 22nd largest holding. Clear Street Group Inc.’s holdings in Invesco QQQ were worth $86,837,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cornerstone Financial Management LLC purchased a new position in Invesco QQQ during the fourth quarter valued at $77,000. Eagle Bluffs Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter worth $270,000. Brown Advisory Inc. grew its stake in shares of Invesco QQQ by 84.7% in the fourth quarter. Brown Advisory Inc. now owns 141,870 shares of the exchange traded fund’s stock worth $87,152,000 after acquiring an additional 65,059 shares during the last quarter. 1 North Wealth Services LLC increased its holdings in shares of Invesco QQQ by 47.9% during the fourth quarter. 1 North Wealth Services LLC now owns 12,575 shares of the exchange traded fund’s stock valued at $7,725,000 after acquiring an additional 4,071 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Invesco QQQ during the fourth quarter valued at $737,000. Institutional investors own 44.58% of the company’s stock.

Key Headlines Impacting Invesco QQQ

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

Invesco QQQ Stock Up 0.6%

QQQ opened at $721.34 on Friday. The stock has a 50-day moving average price of $680.91 and a 200-day moving average price of $635.17. Invesco QQQ has a 1 year low of $523.65 and a 1 year high of $748.65.

Invesco QQQ Cuts Dividend

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

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

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)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.