Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Red Tortoise LLC

Red Tortoise LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 370.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 94 shares of the exchange traded fund’s stock after buying an additional 74 shares during the period. Red Tortoise LLC’s holdings in Invesco QQQ were worth $39,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in QQQ. Ironwood Wealth Management LLC. raised its stake in shares of Invesco QQQ by 7.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock worth $1,996,000 after buying an additional 381 shares during the period. Axiom Financial Strategies LLC raised its stake in shares of Invesco QQQ by 11.6% during the 1st quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock worth $255,000 after buying an additional 85 shares during the period. Roundview Capital LLC raised its stake in shares of Invesco QQQ by 0.9% during the 1st quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock worth $19,332,000 after buying an additional 495 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of Invesco QQQ by 11.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock worth $997,000 after buying an additional 278 shares during the period. Finally, Covestor Ltd raised its stake in shares of Invesco QQQ by 309.2% during the 1st quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock worth $162,000 after buying an additional 337 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 1.2 %

NASDAQ QQQ traded down $5.26 during mid-day trading on Wednesday, hitting $425.84. The stock had a trading volume of 56,285,592 shares, compared to its average volume of 45,611,754. The firm’s 50 day moving average is $438.36 and its 200 day moving average is $407.27. Invesco QQQ has a twelve month low of $309.89 and a twelve month high of $449.34.

Invesco QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.54%. The ex-dividend date is Monday, March 18th.

About Invesco QQQ

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.