Sowell Financial Services LLC lifted its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 206,123 shares of the exchange traded fund’s stock after acquiring an additional 5,463 shares during the period. Invesco QQQ Trust accounts for approximately 2.8% of Sowell Financial Services LLC’s portfolio, making the stock its 3rd biggest position. Sowell Financial Services LLC’s holdings in Invesco QQQ Trust were worth $64,669,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of QQQ. FMR LLC raised its holdings in Invesco QQQ Trust by 4.4% in the 1st quarter. FMR LLC now owns 155,853 shares of the exchange traded fund’s stock valued at $28,000,000 after buying an additional 6,637 shares during the period. Man Group plc purchased a new stake in Invesco QQQ Trust in the 2nd quarter valued at about $828,000. Canada Pension Plan Investment Board purchased a new stake in Invesco QQQ Trust in the 2nd quarter valued at about $6,190,000. Rockbridge Investment Management LCC purchased a new stake in Invesco QQQ Trust in the 2nd quarter valued at about $210,000. Finally, Arvest Bank Trust Division raised its holdings in Invesco QQQ Trust by 3,846.1% in the 2nd quarter. Arvest Bank Trust Division now owns 64,361 shares of the exchange traded fund’s stock valued at $15,935,000 after buying an additional 62,730 shares during the period. Institutional investors and hedge funds own 42.99% of the company’s stock.

NASDAQ QQQ traded up $2.84 during trading on Wednesday, hitting $316.76. The stock had a trading volume of 1,530,555 shares, compared to its average volume of 36,253,504. The firm has a 50 day moving average price of $311.42 and a 200 day moving average price of $295.14. Invesco QQQ Trust has a twelve month low of $164.93 and a twelve month high of $319.39.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 31st. Shareholders of record on Tuesday, December 22nd were given a $0.561 dividend. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.39. This represents a $2.24 annualized dividend and a yield of 0.71%. The ex-dividend date was Monday, December 21st.

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.

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

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