Fortune 45 LLC lifted its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ – Free Report) by 32.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 62,013 shares of the exchange traded fund’s stock after buying an additional 15,133 shares during the quarter. Invesco QQQ Trust comprises about 22.2% of Fortune 45 LLC’s portfolio, making the stock its 2nd largest holding. Fortune 45 LLC’s holdings in Invesco QQQ Trust were worth $22,217,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Avalon Trust Co acquired a new stake in Invesco QQQ Trust in the 2nd quarter worth about $28,000. Aspire Private Capital LLC raised its stake in Invesco QQQ Trust by 88.1% in the 2nd quarter. Aspire Private Capital LLC now owns 79 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 37 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new stake in Invesco QQQ Trust in the 2nd quarter worth about $30,000. VisionPoint Advisory Group LLC acquired a new stake in Invesco QQQ Trust in the 2nd quarter worth about $36,000. Finally, Live Oak Investment Partners acquired a new stake in Invesco QQQ Trust in the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 43.95% of the company’s stock.
Invesco QQQ Trust Price Performance
Invesco QQQ Trust stock traded up $0.61 during midday trading on Monday, hitting $408.38. The company’s stock had a trading volume of 34,314,000 shares, compared to its average volume of 52,740,969. Invesco QQQ Trust has a 1-year low of $259.73 and a 1-year high of $410.47. The company has a 50-day moving average price of $380.43 and a two-hundred day moving average price of $372.91.
Invesco QQQ Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Tuesday, December 19th will be issued a $0.8083 dividend. This represents a $3.23 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Monday, December 18th.
Invesco QQQ Trust 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.