Invesco QQQ $QQQ is Pachira Investments Inc.’s 2nd Largest Position

Pachira Investments Inc. boosted its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 14.1% during the third quarter, HoldingsChannel.com reports. The firm owned 19,880 shares of the exchange traded fund’s stock after acquiring an additional 2,460 shares during the period. Invesco QQQ comprises approximately 6.7% of Pachira Investments Inc.’s holdings, making the stock its 2nd biggest holding. Pachira Investments Inc.’s holdings in Invesco QQQ were worth $11,935,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in QQQ. Orgel Wealth Management LLC grew its position in Invesco QQQ by 4.7% during the third quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund’s stock valued at $229,000 after acquiring an additional 17 shares during the period. Enclave Advisors LLC raised its holdings in shares of Invesco QQQ by 0.9% in the 3rd quarter. Enclave Advisors LLC now owns 1,831 shares of the exchange traded fund’s stock worth $1,099,000 after purchasing an additional 17 shares during the period. IFS Advisors LLC lifted its stake in shares of Invesco QQQ by 4.1% in the 3rd quarter. IFS Advisors LLC now owns 431 shares of the exchange traded fund’s stock valued at $259,000 after purchasing an additional 17 shares in the last quarter. Mezzasalma Advisors LLC grew its holdings in shares of Invesco QQQ by 0.5% during the 3rd quarter. Mezzasalma Advisors LLC now owns 3,312 shares of the exchange traded fund’s stock worth $1,988,000 after purchasing an additional 17 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in Invesco QQQ by 1.2% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,421 shares of the exchange traded fund’s stock worth $853,000 after purchasing an additional 17 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $623.86 on Wednesday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The company’s 50 day moving average price is $616.39 and its 200 day moving average price is $591.63.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were issued a $0.7941 dividend. The ex-dividend date was Monday, December 22nd. This represents a $3.18 annualized dividend and a yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69.

Key Invesco QQQ News

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.

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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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