TCG Advisory Services LLC Increases Stake in Invesco QQQ (NASDAQ:QQQ)

TCG Advisory Services LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 20.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,979 shares of the exchange traded fund’s stock after acquiring an additional 2,683 shares during the period. TCG Advisory Services LLC’s holdings in Invesco QQQ were worth $6,544,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after purchasing an additional 28,263,426 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of 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 period. Ameriprise Financial Inc. boosted its position in shares of 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 period. Commonwealth Equity Services LLC grew its stake in Invesco QQQ by 7.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock valued at $1,013,490,000 after acquiring an additional 162,691 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Invesco QQQ by 2.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock worth $663,516,000 after acquiring an additional 43,000 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $8.58 during trading on Friday, reaching $435.48. The company had a trading volume of 48,515,252 shares, compared to its average volume of 48,759,256. The company has a fifty day moving average of $436.53 and a two-hundred day moving average of $412.18. Invesco QQQ has a 12 month low of $315.11 and a 12 month high of $449.34.

Invesco QQQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were paid a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.53%. The ex-dividend date was Monday, March 18th.

Invesco QQQ 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.