Invesco QQQ (NASDAQ:QQQ) Shares Bought by Marino Stram & Associates LLC

Marino Stram & Associates LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 7.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,142 shares of the exchange traded fund’s stock after acquiring an additional 656 shares during the period. Invesco QQQ makes up 1.0% of Marino Stram & Associates LLC’s investment portfolio, making the stock its 17th largest holding. Marino Stram & Associates LLC’s holdings in Invesco QQQ were worth $3,744,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Moneta Group Investment Advisors LLC increased its holdings in Invesco QQQ by 156,045.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after acquiring an additional 43,463,232 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares in the last quarter. Morgan Stanley increased its holdings in Invesco QQQ by 10.0% during the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after acquiring an additional 1,533,114 shares in the last quarter. Barclays PLC increased its holdings in Invesco QQQ by 113.5% during the 2nd quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after acquiring an additional 48,423,350 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Invesco QQQ by 1.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock valued at $1,623,380,000 after acquiring an additional 52,019 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded up $1.17 during mid-day trading on Tuesday, hitting $432.23. 24,101,198 shares of the stock were exchanged, compared to its average volume of 45,129,617. The company has a 50-day simple moving average of $438.29 and a 200 day simple moving average of $406.76. Invesco QQQ has a twelve month low of $309.89 and a twelve month high of $449.34.

Invesco QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Monday, March 18th.

Invesco QQQ Company 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.