Invesco QQQ $QQQ Stake Increased by Engineers Gate Manager LP

Engineers Gate Manager LP grew its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 54.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 399,690 shares of the exchange traded fund’s stock after buying an additional 141,130 shares during the quarter. Invesco QQQ accounts for 2.9% of Engineers Gate Manager LP’s investment portfolio, making the stock its biggest position. Engineers Gate Manager LP’s holdings in Invesco QQQ were worth $245,534,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Goodman Advisory Group LLC bought a new position in Invesco QQQ during the third quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new position in Invesco QQQ during the fourth quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC grew its position in Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 43 shares during the last quarter. Shcp LLC bought a new position in Invesco QQQ during the third quarter valued at approximately $27,000. Finally, Rachor Investment Advisory Services LLC bought a new position in Invesco QQQ during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.0%

Shares of NASDAQ QQQ opened at $722.51 on Thursday. Invesco QQQ has a one year low of $523.65 and a one year high of $748.65. The firm’s 50 day simple moving average is $689.67 and its two-hundred day simple moving average is $637.91.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, March 23rd.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

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.

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

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