International Assets Investment Management LLC Purchases 28,263,426 Shares of Invesco QQQ (NASDAQ:QQQ)

International Assets Investment Management LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 40,957.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,332,433 shares of the exchange traded fund’s stock after acquiring an additional 28,263,426 shares during the period. Invesco QQQ comprises 35.7% of International Assets Investment Management LLC’s investment portfolio, making the stock its biggest position. International Assets Investment Management LLC owned approximately 5.00% of Invesco QQQ worth $11,602,698,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Core Wealth Advisors Inc. raised its position in Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares in the last quarter. Blume Capital Management Inc. raised its position in Invesco QQQ by 104.0% in the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 3,500 shares in the last quarter. Buck Wealth Strategies LLC raised its position in Invesco QQQ by 71.4% in the 3rd quarter. Buck Wealth Strategies LLC now owns 156 shares of the exchange traded fund’s stock valued at $56,000 after purchasing an additional 65 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Invesco QQQ in the 3rd quarter valued at about $74,000. Finally, Dividend Assets Capital LLC raised its position in Invesco QQQ by 833.3% in the 3rd quarter. Dividend Assets Capital LLC now owns 224 shares of the exchange traded fund’s stock valued at $80,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.3 %

QQQ stock opened at $426.90 on Friday. The business’s 50-day moving average is $436.56 and its two-hundred day moving average is $411.72. Invesco QQQ has a 1 year low of $315.11 and a 1 year high of $449.34.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were given a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was 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.

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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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