Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Kraft Davis & Associates LLC

Kraft Davis & Associates LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 884.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 18,914 shares of the exchange traded fund’s stock after buying an additional 16,993 shares during the period. Invesco QQQ makes up 2.4% of Kraft Davis & Associates LLC’s holdings, making the stock its 17th biggest holding. Kraft Davis & Associates LLC’s holdings in Invesco QQQ were worth $8,022,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Invesco QQQ by 113.5% in the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock worth $2,134,368,000 after purchasing an additional 48,423,350 shares during the last quarter. Moneta Group Investment Advisors LLC raised its stake in shares of Invesco QQQ by 156,045.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after purchasing an additional 43,463,232 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of 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 worth $11,602,698,000 after purchasing an additional 28,263,426 shares during the last quarter. Morgan Stanley raised its stake in shares of Invesco QQQ by 10.0% in the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after purchasing an additional 1,533,114 shares during the last quarter. Finally, Granite Bay Wealth Management LLC raised its stake in shares of Invesco QQQ by 2,372.7% in the third quarter. Granite Bay Wealth Management LLC now owns 804,357 shares of the exchange traded fund’s stock worth $298,345,000 after purchasing an additional 771,827 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.1 %

Shares of NASDAQ:QQQ traded down $8.76 during trading on Friday, hitting $414.65. The stock had a trading volume of 75,140,125 shares, compared to its average volume of 46,015,852. Invesco QQQ has a 12-month low of $309.89 and a 12-month high of $449.34. The stock has a 50-day simple moving average of $437.60 and a two-hundred day simple moving average of $407.88.

Invesco QQQ Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is 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.