Invesco QQQ (NASDAQ:QQQ) Stake Boosted by Highland Capital Management LLC

Highland Capital Management LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,214 shares of the exchange traded fund’s stock after purchasing an additional 110 shares during the quarter. Highland Capital Management LLC’s holdings in Invesco QQQ were worth $497,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Invesco QQQ by 113.5% during the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after purchasing an additional 48,423,350 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in shares of Invesco QQQ by 156,045.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after buying an additional 43,463,232 shares during the period. Morgan Stanley increased its position in shares of Invesco QQQ by 10.0% in the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after acquiring an additional 1,533,114 shares in the last quarter. Senator Investment Group LP purchased a new stake in shares of Invesco QQQ in the 2nd quarter valued at approximately $319,548,000. Finally, MML Investors Services LLC acquired a new position in Invesco QQQ in the 2nd quarter worth approximately $298,069,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $444.83 on Thursday. The company’s fifty day moving average is $433.08 and its two-hundred day moving average is $399.34. Invesco QQQ has a 12-month low of $304.77 and a 12-month high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently disclosed 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 0.52%.

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.