O Shaughnessy Asset Management LLC Acquires 3,069 Shares of Invesco QQQ (NASDAQ:QQQ)

O Shaughnessy Asset Management LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 18.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,075 shares of the exchange traded fund’s stock after purchasing an additional 3,069 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Invesco QQQ were worth $8,913,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Summit X LLC raised its stake in shares of Invesco QQQ by 0.4% during the 4th quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after acquiring an additional 24 shares in the last quarter. CarsonAllaria Wealth Management Ltd. grew its stake in shares of Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after acquiring an additional 24 shares during the last quarter. S.A. Mason LLC increased its holdings in shares of Invesco QQQ by 1.5% during the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after acquiring an additional 25 shares in the last quarter. Lauterbach Financial Advisors LLC raised its position in shares of Invesco QQQ by 0.4% in the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after purchasing an additional 25 shares during the last quarter. Finally, Cedrus LLC boosted its stake in Invesco QQQ by 1.7% in the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 3.6 %

NASDAQ:QQQ traded down $17.27 during trading hours on Wednesday, hitting $463.35. 48,750,547 shares of the company were exchanged, compared to its average volume of 40,215,320. The company’s 50 day moving average price is $474.13 and its 200-day moving average price is $446.80. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be issued a dividend of $0.7615 per share. The ex-dividend date of this dividend is Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.66%.

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.