Invesco QQQ $QQQ Shares Bought by Midwest Financial Group LLC

Midwest Financial Group LLC lifted its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,599 shares of the exchange traded fund’s stock after acquiring an additional 1,068 shares during the quarter. Invesco QQQ makes up approximately 5.0% of Midwest Financial Group LLC’s investment portfolio, making the stock its 3rd largest position. Midwest Financial Group LLC’s holdings in Invesco QQQ were worth $11,426,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. Aspiriant LLC boosted its position in Invesco QQQ by 9.9% during the fourth quarter. Aspiriant LLC now owns 7,927 shares of the exchange traded fund’s stock valued at $4,870,000 after purchasing an additional 715 shares during the last quarter. Element Squared LLC increased its position in shares of Invesco QQQ by 239.3% during the 4th quarter. Element Squared LLC now owns 11,106 shares of the exchange traded fund’s stock worth $6,823,000 after purchasing an additional 7,833 shares during the last quarter. Blue Square Asset Management LLC increased its position in shares of Invesco QQQ by 2.6% during the 4th quarter. Blue Square Asset Management LLC now owns 20,698 shares of the exchange traded fund’s stock worth $12,715,000 after purchasing an additional 520 shares during the last quarter. ASL Financial LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $482,000. Finally, Wealth Management Associates Inc. raised its stake in shares of Invesco QQQ by 1.0% during the 4th quarter. Wealth Management Associates Inc. now owns 3,572 shares of the exchange traded fund’s stock worth $2,195,000 after purchasing an additional 35 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

More Invesco QQQ News

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Invesco QQQ Price Performance

NASDAQ QQQ opened at $584.98 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The stock has a 50 day moving average of $602.08 and a 200-day moving average of $609.17.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%.

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.

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

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