Invesco QQQ (NASDAQ:QQQ) is Crew Capital Management Ltd.’s Largest Position

Crew Capital Management Ltd. lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,382 shares of the exchange traded fund’s stock after selling 1,121 shares during the quarter. Invesco QQQ comprises approximately 7.7% of Crew Capital Management Ltd.’s portfolio, making the stock its biggest position. Crew Capital Management Ltd.’s holdings in Invesco QQQ were worth $7,528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Red Tortoise LLC lifted its stake in shares of Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 74 shares in the last quarter. Friedenthal Financial bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $41,000. Bear Mountain Capital Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $42,000. Core Wealth Advisors Inc. boosted its holdings in Invesco QQQ by 33.3% in the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 30 shares during the last quarter. Finally, Blume Capital Management Inc. boosted its holdings in Invesco QQQ by 104.0% in the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 3,500 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.4 %

QQQ stock traded up $1.75 on Monday, hitting $432.75. The company had a trading volume of 29,951,225 shares, compared to its average volume of 45,941,539. Invesco QQQ has a 12-month low of $315.11 and a 12-month high of $449.34. The stock’s 50-day simple moving average is $436.88 and its 200 day simple moving average is $410.68.

Invesco QQQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a dividend yield of 0.53%. 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.