VVR Holdings LLC Purchases Shares of 37,257 Invesco QQQ $QQQ

VVR Holdings LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQFree Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 37,257 shares of the exchange traded fund’s stock, valued at approximately $22,887,000. Invesco QQQ makes up about 11.9% of VVR Holdings LLC’s investment portfolio, making the stock its 2nd largest holding.

Several other hedge funds also recently added to or reduced their stakes in the stock. Goodman Advisory Group LLC purchased a new position in Invesco QQQ in the 3rd quarter valued at about $25,000. Shcp LLC bought a new position in Invesco QQQ during the 3rd quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 43 shares during the period. Rachor Investment Advisory Services LLC bought a new stake in Invesco QQQ in the 4th quarter valued at about $29,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Invesco QQQ in the third quarter valued at approximately $40,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 1.6%

Shares of NASDAQ QQQ opened at $716.07 on Tuesday. Invesco QQQ has a 12-month low of $523.65 and a 12-month high of $748.65. The stock has a 50 day simple moving average of $669.76 and a 200-day simple moving average of $632.15.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, March 23rd.

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About Invesco QQQ

(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.

Further Reading

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

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