Thor Trading Advisors LLC Has $52.52 Million Stock Position in Invesco QQQ $QQQ

Thor Trading Advisors LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 228.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,481 shares of the exchange traded fund’s stock after buying an additional 60,816 shares during the period. Invesco QQQ accounts for about 26.7% of Thor Trading Advisors LLC’s investment portfolio, making the stock its largest position. Thor Trading Advisors LLC’s holdings in Invesco QQQ were worth $52,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of QQQ. Fifth Third Securities Inc. lifted its position in Invesco QQQ by 2.6% during the third quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock valued at $65,959,000 after purchasing an additional 2,822 shares during the last quarter. SK Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $803,000. Great Point Wealth Advisors LLC bought a new stake in Invesco QQQ during the third quarter worth approximately $507,000. Strengthening Families & Communities LLC purchased a new stake in Invesco QQQ during the third quarter valued at approximately $10,771,000. Finally, BCGM Wealth Management LLC lifted its stake in shares of Invesco QQQ by 13.6% in the 2nd quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock valued at $14,120,000 after purchasing an additional 3,066 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Invesco QQQ

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

Invesco QQQ Trading Up 2.1%

Shares of Invesco QQQ stock opened at $609.65 on Friday. The stock has a 50 day moving average price of $619.69 and a 200-day moving average price of $602.00. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a dividend of $0.7941 per share. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date was Monday, December 22nd.

About Invesco QQQ

(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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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