Invesco QQQ $QQQ Shares Bought by Mission Hills Financial Advisory LLC

Mission Hills Financial Advisory LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 20,333 shares of the exchange traded fund’s stock after buying an additional 826 shares during the quarter. Invesco QQQ makes up 6.6% of Mission Hills Financial Advisory LLC’s holdings, making the stock its 5th biggest holding. Mission Hills Financial Advisory LLC’s holdings in Invesco QQQ were worth $12,491,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in Invesco QQQ by 0.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund’s stock worth $1,843,749,000 after buying an additional 8,038 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Invesco QQQ by 2.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund’s stock worth $1,792,901,000 after buying an additional 64,025 shares in the last quarter. Analyst IMS Investment Management Services Ltd. increased its stake in Invesco QQQ by 68.6% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after buying an additional 712,026 shares in the last quarter. US Bancorp DE increased its stake in Invesco QQQ by 0.5% during the 3rd quarter. US Bancorp DE now owns 1,378,057 shares of the exchange traded fund’s stock worth $827,346,000 after buying an additional 7,378 shares in the last quarter. Finally, Maxi Investments CY Ltd increased its stake in Invesco QQQ by 8.1% during the 3rd quarter. Maxi Investments CY Ltd now owns 1,235,000 shares of the exchange traded fund’s stock worth $741,457,000 after buying an additional 92,700 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.9%

NASDAQ:QQQ opened at $667.74 on Friday. Invesco QQQ has a 12 month low of $476.78 and a 12 month high of $668.90. The stock has a 50 day moving average of $610.87 and a two-hundred day moving average of $613.98.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Profile

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.