Invesco QQQ (NASDAQ:QQQ) Position Lifted by Delta Asset Management LLC TN

Delta Asset Management LLC TN raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 27.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 345 shares of the exchange traded fund’s stock after acquiring an additional 75 shares during the quarter. Delta Asset Management LLC TN’s holdings in Invesco QQQ were worth $141,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of QQQ. International Assets Investment Management LLC raised its position in Invesco QQQ by 40,957.3% during the fourth 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 in the last quarter. Comerica Bank acquired a new stake in shares of Invesco QQQ during the third quarter worth approximately $140,657,000. Granite Bay Wealth Management LLC increased its holdings in shares of Invesco QQQ by 47.1% during 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 buying an additional 378,922 shares in the last quarter. CHURCHILL MANAGEMENT Corp increased its holdings in shares of Invesco QQQ by 36.3% during 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 in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Invesco QQQ by 77.2% during the fourth quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock worth $345,182,000 after buying an additional 367,317 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ traded down $0.09 during mid-day trading on Wednesday, hitting $455.71. 23,843,277 shares of the company traded hands, compared to its average volume of 43,707,996. Invesco QQQ has a one year low of $329.56 and a one year high of $456.82. The business has a 50-day moving average of $438.17 and a 200 day moving average of $420.60.

Invesco QQQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.5735 per share. The ex-dividend date was Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.50%.

Invesco QQQ 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.