Win Advisors Inc. Invests $4.35 Million in Invesco QQQ (NASDAQ:QQQ)

Win Advisors Inc. bought a new stake in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, HoldingsChannel reports. The fund bought 10,617 shares of the exchange traded fund’s stock, valued at approximately $4,348,000. Invesco QQQ comprises about 2.0% of Win Advisors Inc.’s portfolio, making the stock its 12th largest position.

A number of other large investors also recently modified their holdings of QQQ. International Assets Investment Management LLC boosted its holdings in Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the period. Comerica Bank purchased a new stake in shares of Invesco QQQ during the third quarter valued at approximately $140,657,000. Granite Bay Wealth Management LLC grew its holdings in shares of Invesco QQQ by 47.1% in the fourth quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock worth $451,075,000 after purchasing an additional 378,922 shares during the last quarter. CHURCHILL MANAGEMENT Corp increased its stake in shares of Invesco QQQ by 36.3% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock worth $578,680,000 after buying an additional 376,661 shares during the period. Finally, Cerity Partners LLC raised its holdings in Invesco QQQ by 77.2% during the 4th quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock valued at $345,182,000 after buying an additional 367,317 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.6 %

QQQ traded down $2.69 during trading on Wednesday, hitting $421.90. 12,539,134 shares of the stock traded hands, compared to its average volume of 45,499,805. The firm has a 50-day moving average of $436.86 and a 200 day moving average of $411.54. Invesco QQQ has a 12-month low of $315.11 and a 12-month high of $449.34.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.5735 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend 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.