Vectors Research Management LLC Raises Position in Invesco QQQ (NASDAQ:QQQ)

Vectors Research Management LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 13.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 521 shares of the exchange traded fund’s stock after purchasing an additional 61 shares during the quarter. Vectors Research Management LLC’s holdings in Invesco QQQ were worth $254,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. PBCay One RSC Ltd raised its holdings in shares of Invesco QQQ by 6.2% in the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock valued at $166,504,000 after acquiring an additional 22,000 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Invesco QQQ by 140.6% in the first quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock worth $108,000 after buying an additional 142 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Invesco QQQ during the 1st quarter valued at $844,000. Tocqueville Asset Management L.P. increased its holdings in shares of Invesco QQQ by 3.7% in the 1st quarter. Tocqueville Asset Management L.P. now owns 3,968 shares of the exchange traded fund’s stock valued at $1,762,000 after acquiring an additional 143 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC bought a new position in shares of Invesco QQQ in the 1st quarter worth $496,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.7 %

QQQ stock opened at $508.69 on Friday. The firm has a 50 day moving average of $487.42 and a 200 day moving average of $473.42. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $515.58.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.53%. The ex-dividend date was Monday, September 23rd.

Invesco QQQ Company 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.