Stephens Inc. AR Buys 9,384 Shares of Invesco QQQ $QQQ

Stephens Inc. AR lifted its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 3.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 258,582 shares of the exchange traded fund’s stock after purchasing an additional 9,384 shares during the period. Invesco QQQ comprises about 2.0% of Stephens Inc. AR’s holdings, making the stock its 4th largest holding. Stephens Inc. AR’s holdings in Invesco QQQ were worth $155,245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Morgan Dempsey Capital Management LLC acquired a new position in shares of Invesco QQQ during the second quarter worth about $30,000. Navigoe LLC raised its holdings in Invesco QQQ by 300.0% in the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 45 shares in the last quarter. PayPay Securities Corp lifted its stake in Invesco QQQ by 78.9% in the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 30 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in Invesco QQQ during the 3rd quarter worth approximately $42,000. Finally, Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ during the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

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Invesco QQQ Stock Performance

Shares of QQQ opened at $626.24 on Wednesday. The firm’s fifty day simple moving average is $616.04 and its 200-day simple moving average is $594.57. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a $0.7941 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, December 22nd.

Invesco QQQ Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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