Patron Partners LLC Acquires 1,835 Shares of Invesco QQQ $QQQ

Patron Partners LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 54.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,232 shares of the exchange traded fund’s stock after acquiring an additional 1,835 shares during the period. Invesco QQQ accounts for about 1.4% of Patron Partners LLC’s investment portfolio, making the stock its 12th largest holding. Patron Partners LLC’s holdings in Invesco QQQ were worth $3,141,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Fifth Third Securities Inc. raised its stake in shares of Invesco QQQ by 2.6% in the third quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after purchasing an additional 2,822 shares during the last quarter. SK Wealth Management LLC purchased a new position in Invesco QQQ in the 3rd quarter worth about $803,000. Great Point Wealth Advisors LLC purchased a new position in Invesco QQQ in the 3rd quarter worth about $507,000. BCGM Wealth Management LLC lifted its stake in Invesco QQQ by 13.6% during the 2nd quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock valued at $14,120,000 after acquiring an additional 3,066 shares during the period. Finally, Gateway Investment Advisers LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $2,086,000. Institutional investors own 44.58% of the company’s stock.

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Invesco QQQ Trading Up 0.3%

Shares of QQQ stock opened at $622.72 on Monday. The company has a 50 day moving average price of $616.52 and a 200-day moving average price of $598.31. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a dividend of $0.7941 per share. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change 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.

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

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