Grandview Asset Management LLC Has $17.11 Million Holdings in Invesco QQQ $QQQ

Grandview Asset Management LLC grew its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 8.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,492 shares of the exchange traded fund’s stock after purchasing an additional 2,162 shares during the quarter. Invesco QQQ comprises about 4.8% of Grandview Asset Management LLC’s investment portfolio, making the stock its 4th largest position. Grandview Asset Management LLC’s holdings in Invesco QQQ were worth $17,106,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Invesco QQQ during the first quarter worth approximately $1,694,000. Great Lakes Advisors LLC grew its stake in shares of Invesco QQQ by 50.5% during the first quarter. Great Lakes Advisors LLC now owns 4,558 shares of the exchange traded fund’s stock valued at $2,137,000 after purchasing an additional 1,530 shares during the last quarter. Finally, Ascent Group LLC increased its holdings in shares of Invesco QQQ by 10.9% in the first quarter. Ascent Group LLC now owns 1,566 shares of the exchange traded fund’s stock valued at $735,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Summary

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

Invesco QQQ Stock Performance

QQQ stock opened at $623.86 on Wednesday. The company has a 50 day moving average price of $616.39 and a 200 day moving average price of $591.63. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

Invesco QQQ Increases Dividend

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

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.

Further Reading

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

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