Princeton Global Asset Management LLC Raises Position in Invesco QQQ $QQQ

Princeton Global Asset Management LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 955.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,828 shares of the exchange traded fund’s stock after purchasing an additional 2,560 shares during the period. Princeton Global Asset Management LLC’s holdings in Invesco QQQ were worth $1,737,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Invesco LLC grew its stake in shares of Invesco QQQ by 17.9% during the fourth quarter. Invesco LLC now owns 660 shares of the exchange traded fund’s stock valued at $405,000 after buying an additional 100 shares during the last quarter. Ascent Group LLC increased its holdings in shares of Invesco QQQ by 13.2% in the fourth quarter. Ascent Group LLC now owns 1,712 shares of the exchange traded fund’s stock worth $1,052,000 after buying an additional 200 shares during the period. Semitam Bonam LLC lifted its stake in shares of Invesco QQQ by 10.7% in the 4th quarter. Semitam Bonam LLC now owns 1,956 shares of the exchange traded fund’s stock valued at $1,202,000 after acquiring an additional 189 shares during the last quarter. JB Capital LLC lifted its stake in shares of Invesco QQQ by 1.0% in the 4th quarter. JB Capital LLC now owns 31,852 shares of the exchange traded fund’s stock valued at $19,567,000 after acquiring an additional 317 shares during the last quarter. Finally, Accel Wealth Management boosted its holdings in Invesco QQQ by 7.4% during the 4th quarter. Accel Wealth Management now owns 12,312 shares of the exchange traded fund’s stock valued at $7,563,000 after acquiring an additional 850 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $584.98 on Friday. The stock’s 50 day simple moving average is $602.08 and its 200 day simple moving average is $609.29. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Cuts Dividend

The business also recently disclosed 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. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd.

Key Stories Impacting Invesco QQQ

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

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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