Envestnet Asset Management Inc. Has $1.79 Billion Stock Holdings in Invesco QQQ $QQQ

Envestnet Asset Management Inc. increased its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,986,326 shares of the exchange traded fund’s stock after buying an additional 64,025 shares during the period. Envestnet Asset Management Inc. owned 0.46% of Invesco QQQ worth $1,792,901,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Morgan Dempsey Capital Management LLC bought a new stake in shares of Invesco QQQ during the second quarter worth $30,000. Navigoe LLC boosted its holdings in Invesco QQQ by 300.0% in the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 45 shares during the last quarter. PayPay Securities Corp increased its position in Invesco QQQ by 78.9% in the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in Invesco QQQ during the 3rd quarter worth about $42,000. Finally, Moser Wealth Advisors LLC lifted its position in Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares during the period. Institutional investors own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

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Invesco QQQ Stock Down 1.5%

Shares of NASDAQ QQQ opened at $616.52 on Wednesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The firm’s 50-day moving average is $620.40 and its 200-day moving average is $601.69.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a $0.7941 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%.

Invesco QQQ 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.

Further Reading

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

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