9823 Capital L.P. Purchases Shares of 14,500 Invesco QQQ $QQQ

9823 Capital L.P. purchased a new stake in Invesco QQQ (NASDAQ:QQQFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 14,500 shares of the exchange traded fund’s stock, valued at approximately $8,907,000. Invesco QQQ comprises approximately 6.1% of 9823 Capital L.P.’s portfolio, making the stock its 3rd biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC acquired a new stake in Invesco QQQ in the third quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Invesco QQQ in the fourth quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in Invesco QQQ by 2,150.0% in the fourth 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 period. Shcp LLC acquired a new stake in shares of Invesco QQQ in the third quarter valued at approximately $27,000. Finally, Rachor Investment Advisory Services LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key Headlines Impacting Invesco QQQ

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

Invesco QQQ Trading Down 1.0%

Shares of NASDAQ QQQ opened at $722.51 on Thursday. Invesco QQQ has a 12 month low of $523.65 and a 12 month high of $748.65. The stock has a 50 day moving average of $689.67 and a 200-day moving average of $637.91.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.

Read More

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

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