Transcend Capital Advisors LLC Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

Transcend Capital Advisors LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 36,744 shares of the exchange traded fund’s stock after purchasing an additional 1,240 shares during the quarter. Invesco QQQ makes up about 1.3% of Transcend Capital Advisors LLC’s portfolio, making the stock its 9th largest holding. Transcend Capital Advisors LLC’s holdings in Invesco QQQ were worth $15,048,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. 180 Wealth Advisors LLC raised its stake in Invesco QQQ by 1.2% during the 3rd quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock valued at $870,000 after buying an additional 29 shares during the last quarter. Bank Hapoalim BM boosted its holdings in shares of Invesco QQQ by 6.3% during the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after purchasing an additional 4,549 shares during the last quarter. Goodwin Daniel L raised its position in shares of Invesco QQQ by 76.1% during the 3rd quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock valued at $2,069,000 after buying an additional 2,495 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Invesco QQQ by 6.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after buying an additional 243,305 shares in the last quarter. Finally, VitalStone Financial LLC raised its position in shares of Invesco QQQ by 302.0% during the 3rd quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after buying an additional 16,079 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 1.5 %

NASDAQ QQQ traded up $6.55 during trading on Friday, hitting $431.00. The stock had a trading volume of 41,874,907 shares, compared to its average volume of 47,550,872. Invesco QQQ has a one year low of $315.05 and a one year high of $449.34. The stock has a 50 day simple moving average of $436.88 and a 200 day simple moving average of $410.11.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a yield of 0.53%. The ex-dividend date is Monday, March 18th.

Invesco QQQ Company 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.