Breed s Hill Capital LLC Makes New $1.09 Million Investment in Invesco QQQ (NASDAQ:QQQ)

Breed s Hill Capital LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,669 shares of the exchange traded fund’s stock, valued at approximately $1,093,000. Invesco QQQ accounts for approximately 1.1% of Breed s Hill Capital LLC’s investment portfolio, making the stock its 21st largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Wealthspire Advisors LLC lifted its stake in shares of Invesco QQQ by 505.5% in the 4th quarter. Wealthspire Advisors LLC now owns 131,472 shares of the exchange traded fund’s stock valued at $53,840,000 after purchasing an additional 109,760 shares during the last quarter. E Fund Management Co. Ltd. raised its stake in shares of Invesco QQQ by 52.0% in the fourth quarter. E Fund Management Co. Ltd. now owns 3,781 shares of the exchange traded fund’s stock valued at $1,548,000 after acquiring an additional 1,294 shares during the last quarter. Clearwater Capital Advisors LLC increased its holdings in Invesco QQQ by 0.4% during the 4th quarter. Clearwater Capital Advisors LLC now owns 7,489 shares of the exchange traded fund’s stock valued at $3,067,000 after purchasing an additional 27 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of Invesco QQQ by 0.5% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 42,901 shares of the exchange traded fund’s stock valued at $17,569,000 after buying an additional 215 shares during the last quarter. Finally, Arlington Capital Management Inc. bought a new stake in Invesco QQQ during the 4th quarter worth about $929,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.2 %

Shares of NASDAQ QQQ traded up $0.96 during trading on Thursday, reaching $441.02. The company had a trading volume of 24,398,462 shares, compared to its average volume of 45,098,582. Invesco QQQ has a 52 week low of $321.60 and a 52 week high of $449.34. The business’s 50 day moving average price is $436.76 and its 200-day moving average price is $414.18.

Invesco QQQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.5735 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%.

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.