Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Telos Capital Management Inc.

Telos Capital Management Inc. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 33.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,366 shares of the exchange traded fund’s stock after purchasing an additional 5,307 shares during the period. Telos Capital Management Inc.’s holdings in Invesco QQQ were worth $8,750,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Friedenthal Financial acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $41,000. Bear Mountain Capital Inc. acquired a new stake in Invesco QQQ in the 4th quarter valued at about $42,000. Russell Investments Group Ltd. acquired a new stake in Invesco QQQ in the 2nd quarter valued at about $44,000. Core Wealth Advisors Inc. raised its holdings 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 acquiring an additional 30 shares during the last quarter. Finally, Blume Capital Management Inc. raised its holdings 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 acquiring an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.9 %

QQQ stock traded down $3.87 during mid-day trading on Wednesday, reaching $427.23. The company’s stock had a trading volume of 36,158,869 shares, compared to its average volume of 45,320,684. Invesco QQQ has a fifty-two week low of $309.89 and a fifty-two week high of $449.34. The company’s 50 day moving average is $438.36 and its two-hundred day moving average is $407.27.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%.

About Invesco QQQ

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.