American Trust Boosts Stake in Invesco QQQ $QQQ

American Trust boosted its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,495 shares of the exchange traded fund’s stock after acquiring an additional 877 shares during the period. Invesco QQQ accounts for about 2.5% of American Trust’s portfolio, making the stock its 10th biggest position. American Trust’s holdings in Invesco QQQ were worth $29,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in QQQ. Bank of America Corp DE increased its stake in shares of Invesco QQQ by 381.0% in the 4th quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock valued at $12,008,257,000 after purchasing an additional 26,505,055 shares during the last quarter. Delta Global Management LP bought a new position in shares of Invesco QQQ in the 4th quarter valued at $821,084,000. SG Americas Securities LLC increased its stake in shares of Invesco QQQ by 120.2% in the 4th quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock valued at $131,292,000 after purchasing an additional 1,270,102 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Invesco QQQ by 142.4% in the 4th quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund’s stock valued at $877,406,000 after purchasing an additional 840,803 shares during the last quarter. Finally, Analyst IMS Investment Management Services Ltd. increased its stake in shares of Invesco QQQ by 68.6% in the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock valued at $1,075,091,000 after purchasing an additional 712,026 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

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Invesco QQQ Trading Down 1.0%

Shares of QQQ opened at $722.51 on Thursday. Invesco QQQ has a 52-week low of $523.65 and a 52-week high of $748.65. The business’s fifty day moving average is $689.67 and its 200-day moving average is $637.91.

Invesco QQQ Cuts Dividend

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

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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