Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Truvestments Capital LLC

Truvestments Capital LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 506.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,646 shares of the exchange traded fund’s stock after buying an additional 29,771 shares during the period. Invesco QQQ accounts for about 4.7% of Truvestments Capital LLC’s portfolio, making the stock its 3rd biggest holding. Truvestments Capital LLC’s holdings in Invesco QQQ were worth $17,398,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in QQQ. PBCay One RSC Ltd boosted its holdings in shares of Invesco QQQ by 6.2% during the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock worth $166,504,000 after acquiring an additional 22,000 shares during the period. Russell Investments Group Ltd. boosted its stake in Invesco QQQ by 140.6% in the 1st quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock valued at $108,000 after purchasing an additional 142 shares during the period. Vanguard Group Inc. grew its holdings in Invesco QQQ by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock valued at $7,779,000 after buying an additional 832 shares in the last quarter. Ascent Group LLC increased its position in Invesco QQQ by 33.6% during the 1st quarter. Ascent Group LLC now owns 1,585 shares of the exchange traded fund’s stock worth $704,000 after buying an additional 399 shares during the period. Finally, Janus Henderson Group PLC bought a new position in Invesco QQQ during the 1st quarter worth $210,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $508.38 on Monday. The firm has a 50-day moving average of $493.08 and a 200-day moving average of $477.19. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd.

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.