Valeo Financial Advisors LLC Raises Stock Holdings in Invesco QQQ Trust (NASDAQ:QQQ)

Valeo Financial Advisors LLC raised its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 25.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,019 shares of the exchange traded fund’s stock after buying an additional 1,433 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Invesco QQQ Trust were worth $1,493,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Varma Mutual Pension Insurance Co boosted its holdings in Invesco QQQ Trust by 796.0% in the third quarter. Varma Mutual Pension Insurance Co now owns 5,838,234 shares of the exchange traded fund’s stock valued at $1,102,316,000 after acquiring an additional 5,186,643 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco QQQ Trust by 3.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,589,143 shares of the exchange traded fund’s stock worth $300,046,000 after acquiring an additional 48,873 shares during the period. Johanson Financial Advisors Inc. boosted its position in shares of Invesco QQQ Trust by 21,469.7% during the 4th quarter. Johanson Financial Advisors Inc. now owns 1,356,521 shares of the exchange traded fund’s stock valued at $6,376,000 after acquiring an additional 1,350,232 shares in the last quarter. CHURCHILL MANAGEMENT Corp boosted its position in shares of Invesco QQQ Trust by 21.9% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,066,022 shares of the exchange traded fund’s stock valued at $226,647,000 after acquiring an additional 191,276 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Invesco QQQ Trust by 23.5% during the 3rd quarter. Fisher Asset Management LLC now owns 915,687 shares of the exchange traded fund’s stock valued at $172,891,000 after acquiring an additional 174,395 shares in the last quarter. 39.49% of the stock is owned by institutional investors.

NASDAQ QQQ traded down $2.09 on Friday, reaching $222.50. The company’s stock had a trading volume of 2,485,701 shares, compared to its average volume of 20,444,078. Invesco QQQ Trust has a 52 week low of $160.99 and a 52 week high of $225.15. The business has a 50-day moving average price of $213.81 and a 200 day moving average price of $197.94.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were paid a dividend of $0.4577 per share. This is a positive change from Invesco QQQ Trust’s previous quarterly dividend of $0.42. This represents a $1.83 annualized dividend and a yield of 0.82%. The ex-dividend date was Monday, December 23rd.

Invesco QQQ Trust 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.

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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