Violich Capital Management Inc. Invests $1.36 Million in Invesco QQQ $QQQ

Violich Capital Management Inc. acquired a new stake in Invesco QQQ (NASDAQ:QQQFree Report) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 2,262 shares of the exchange traded fund’s stock, valued at approximately $1,358,000.

Other hedge funds have also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC boosted its holdings in shares of Invesco QQQ by 38.7% in the third quarter. NorthCrest Asset Manangement LLC now owns 11,315 shares of the exchange traded fund’s stock valued at $6,840,000 after buying an additional 3,158 shares during the period. SFI Advisors LLC acquired a new stake in shares of Invesco QQQ during the third quarter worth $713,000. Inspire Advisors LLC lifted its position in Invesco QQQ by 5.7% in the 3rd quarter. Inspire Advisors LLC now owns 851 shares of the exchange traded fund’s stock valued at $511,000 after acquiring an additional 46 shares in the last quarter. CAP Partners LLC acquired a new position in Invesco QQQ in the 3rd quarter worth $226,000. Finally, JCIC Asset Management Inc. bought a new position in Invesco QQQ during the 3rd quarter worth about $72,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $621.26 on Monday. The stock’s 50-day moving average is $616.40 and its 200-day moving average is $596.07. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

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

Invesco QQQ 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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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