Hyposwiss Advisors SA Invests $6.72 Million in Invesco QQQ $QQQ

Hyposwiss Advisors SA acquired a new position in shares of Invesco QQQ (NASDAQ:QQQFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,935 shares of the exchange traded fund’s stock, valued at approximately $6,717,000. Invesco QQQ accounts for about 6.6% of Hyposwiss Advisors SA’s holdings, making the stock its 2nd largest holding.

Several other institutional investors have also recently made changes to their positions in the business. Carrera Capital Advisors increased its holdings in Invesco QQQ by 99.3% in the fourth quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock valued at $1,423,000 after buying an additional 1,154 shares in the last quarter. Sovran Advisors LLC increased its holdings in Invesco QQQ by 8.0% in the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after buying an additional 1,340 shares in the last quarter. Corepath Wealth Partners LLC increased its holdings in Invesco QQQ by 19.7% in the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after buying an additional 1,436 shares in the last quarter. Cane Capital Partners LLC purchased a new position in Invesco QQQ in the fourth quarter valued at $715,000. Finally, Coyle Financial Counsel LLC increased its holdings in Invesco QQQ by 4.9% in the third quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock valued at $26,091,000 after buying an additional 2,035 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Key Invesco QQQ News

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

Invesco QQQ Stock Down 1.0%

QQQ opened at $722.51 on Thursday. Invesco QQQ has a fifty-two week low of $523.65 and a fifty-two week high of $748.65. The company has a fifty day moving average of $689.67 and a two-hundred day moving average of $637.91.

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 dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%.

Invesco QQQ 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.

Further Reading

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

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