PSI Advisors LLC Has $25.97 Million Position in Invesco QQQ (NASDAQ:QQQ)

PSI Advisors LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,413 shares of the exchange traded fund’s stock after purchasing an additional 504 shares during the quarter. Invesco QQQ comprises approximately 9.7% of PSI Advisors LLC’s investment portfolio, making the stock its 2nd largest position. PSI Advisors LLC’s holdings in Invesco QQQ were worth $25,969,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its stake in shares of Invesco QQQ by 156,045.1% in 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 stake 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 purchasing an additional 28,263,426 shares in the last quarter. Morgan Stanley increased its stake 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 purchasing an additional 1,533,114 shares in the last quarter. Barclays PLC boosted 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 worth $2,134,368,000 after acquiring an additional 48,423,350 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted 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 worth $1,623,380,000 after acquiring an additional 52,019 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ traded down $8.76 during mid-day trading on Friday, reaching $414.65. 75,230,990 shares of the stock were exchanged, compared to its average volume of 42,307,272. The company has a 50 day moving average price of $437.60 and a two-hundred day moving average price of $408.25. Invesco QQQ has a 1 year low of $309.89 and a 1 year high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.55%.

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.