Basso Capital Management L.P. Acquires 1,185 Shares of Invesco QQQ $QQQ

Basso Capital Management L.P. raised its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 94.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,442 shares of the exchange traded fund’s stock after purchasing an additional 1,185 shares during the period. Invesco QQQ comprises about 0.9% of Basso Capital Management L.P.’s holdings, making the stock its 22nd largest holding. Basso Capital Management L.P.’s holdings in Invesco QQQ were worth $1,500,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goodman Advisory Group LLC acquired a new stake in Invesco QQQ in the third quarter worth $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Invesco QQQ in the fourth quarter worth $25,000. Shcp LLC acquired a new stake in Invesco QQQ in the third quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Invesco QQQ by 2,150.0% during the fourth 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 in the last quarter. Finally, Rachor Investment Advisory Services LLC bought a new stake in shares of Invesco QQQ during the fourth quarter worth $29,000. 44.58% of the stock is owned by institutional investors.

Trending Headlines about Invesco QQQ

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Invesco QQQ Price Performance

Shares of QQQ stock opened at $722.51 on Thursday. The firm has a fifty day moving average of $689.67 and a 200-day moving average of $637.91. Invesco QQQ has a 12-month low of $523.65 and a 12-month high of $748.65.

Invesco QQQ Cuts Dividend

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

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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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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