Invesco QQQ (NASDAQ:QQQ) Shares Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC raised its position in Invesco QQQ (NASDAQ:QQQFree Report) by 11.0% in the 4th quarter, Holdings Channel reports. The fund owned 19,653 shares of the exchange traded fund’s stock after purchasing an additional 1,942 shares during the period. DAVENPORT & Co LLC’s holdings in Invesco QQQ were worth $8,048,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in QQQ. Baskin Financial Services Inc. grew its stake in shares of Invesco QQQ by 2.5% during the fourth quarter. Baskin Financial Services Inc. now owns 2,280 shares of the exchange traded fund’s stock valued at $934,000 after acquiring an additional 55 shares in the last quarter. Physician Wealth Advisors Inc. increased its holdings in Invesco QQQ by 23.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 4,409 shares of the exchange traded fund’s stock worth $1,859,000 after purchasing an additional 824 shares during the last quarter. LMG Wealth Partners LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $202,000. Benchmark Financial Wealth Advisors LLC boosted its stake in shares of Invesco QQQ by 61.6% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,314 shares of the exchange traded fund’s stock valued at $538,000 after buying an additional 501 shares during the last quarter. Finally, Buck Wealth Strategies LLC boosted its stake in shares of Invesco QQQ by 7,246.8% during the 4th quarter. Buck Wealth Strategies LLC now owns 11,461 shares of the exchange traded fund’s stock valued at $4,694,000 after buying an additional 11,305 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $442.10 on Thursday. Invesco QQQ has a 12-month low of $309.89 and a 12-month high of $449.34. The company has a fifty day simple moving average of $436.06 and a 200 day simple moving average of $402.07.

Invesco QQQ Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Monday, March 18th.

Invesco QQQ Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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