Invesco QQQ $QQQ Shares Bought by MML Investors Services LLC

MML Investors Services LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 905,369 shares of the exchange traded fund’s stock after acquiring an additional 13,055 shares during the quarter. Invesco QQQ comprises about 1.4% of MML Investors Services LLC’s portfolio, making the stock its 5th largest holding. MML Investors Services LLC’s holdings in Invesco QQQ were worth $556,177,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC acquired a new stake in Invesco QQQ during the 3rd quarter worth about $25,000. Shcp LLC purchased a new position in shares of Invesco QQQ during the 3rd quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 43 shares during the last quarter. Rachor Investment Advisory Services LLC purchased a new position in shares of Invesco QQQ during the 4th quarter valued at about $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Invesco QQQ during the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ News Roundup

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

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $721.34 on Monday. The stock has a 50-day simple moving average of $680.91 and a two-hundred day simple moving average of $635.39. Invesco QQQ has a fifty-two week low of $523.65 and a fifty-two week high of $748.65.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%.

Invesco QQQ Company Profile

(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.

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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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