Yeomans Consulting Group Inc. Makes New $33.87 Million Investment in Invesco QQQ (NASDAQ:QQQ)

Yeomans Consulting Group Inc. bought a new position in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 82,695 shares of the exchange traded fund’s stock, valued at approximately $33,865,000. Invesco QQQ accounts for about 16.9% of Yeomans Consulting Group Inc.’s investment portfolio, making the stock its largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sivia Capital Partners LLC purchased a new stake in Invesco QQQ in the fourth quarter worth $218,000. Trust Co. of Vermont grew its position in shares of Invesco QQQ by 1.4% during the 4th quarter. Trust Co. of Vermont now owns 11,316 shares of the exchange traded fund’s stock worth $4,634,000 after buying an additional 152 shares in the last quarter. ICA Group Wealth Management LLC grew its position in shares of Invesco QQQ by 14.6% during the 4th quarter. ICA Group Wealth Management LLC now owns 83,010 shares of the exchange traded fund’s stock worth $33,994,000 after buying an additional 10,597 shares in the last quarter. Objective Capital Management LLC grew its position in shares of Invesco QQQ by 2.0% during the 4th quarter. Objective Capital Management LLC now owns 12,298 shares of the exchange traded fund’s stock worth $5,036,000 after buying an additional 240 shares in the last quarter. Finally, SageView Advisory Group LLC bought a new position in shares of Invesco QQQ during the 4th quarter worth $10,791,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ traded down $8.16 during midday trading on Tuesday, reaching $424.59. 42,556,273 shares of the stock were exchanged, compared to its average volume of 45,909,301. Invesco QQQ has a 52 week low of $315.11 and a 52 week high of $449.34. The company’s 50 day moving average is $436.86 and its two-hundred day moving average is $411.54.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend 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.