Marco Investment Management LLC Has $2.64 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Marco Investment Management LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 11.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,438 shares of the exchange traded fund’s stock after buying an additional 658 shares during the quarter. Marco Investment Management LLC’s holdings in Invesco QQQ were worth $2,636,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Invesco QQQ by 1.2% in the third quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock valued at $1,623,380,000 after acquiring an additional 52,019 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after acquiring an additional 243,305 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Invesco QQQ by 5.2% in the third quarter. Commonwealth Equity Services LLC now owns 2,312,133 shares of the exchange traded fund’s stock valued at $828,368,000 after acquiring an additional 114,095 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Invesco QQQ by 2.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock valued at $663,516,000 after acquiring an additional 43,000 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock traded up $6.55 during mid-day 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 12 month low of $315.05 and a 12 month high of $449.34. The stock has a 50-day simple moving average of $436.88 and a two-hundred day simple moving average of $410.68.

Invesco QQQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend 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.