Invesco QQQ $QQQ is Engineers Gate Manager LP’s Largest Position

Engineers Gate Manager LP raised its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 54.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 399,690 shares of the exchange traded fund’s stock after buying an additional 141,130 shares during the quarter. Invesco QQQ comprises 2.9% of Engineers Gate Manager LP’s portfolio, making the stock its largest holding. Engineers Gate Manager LP owned approximately 0.06% of Invesco QQQ worth $245,534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in QQQ. Bank of America Corp DE grew its holdings in Invesco QQQ by 381.0% during the 4th quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock valued at $12,008,257,000 after buying an additional 26,505,055 shares in the last quarter. Delta Global Management LP bought a new stake in Invesco QQQ during the fourth quarter valued at $821,084,000. Align Financial LLC bought a new stake in Invesco QQQ during the fourth quarter valued at $78,118,000. SG Americas Securities LLC boosted its stake in Invesco QQQ by 120.2% during the fourth quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock valued at $131,292,000 after buying an additional 1,270,102 shares during the period. Finally, Bank of Montreal Can boosted its stake in Invesco QQQ by 142.4% during the fourth quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund’s stock valued at $877,406,000 after buying an additional 840,803 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Key Invesco QQQ News

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

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $722.51 on Thursday. Invesco QQQ has a 52-week low of $523.65 and a 52-week high of $748.65. The stock has a fifty day moving average of $689.67 and a 200 day moving average of $637.91.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid 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 yield of 0.4%.

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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