Invesco QQQ $QQQ Shares Acquired by Hilltop Holdings Inc.

Hilltop Holdings Inc. raised its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 73.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,014 shares of the exchange traded fund’s stock after buying an additional 15,647 shares during the period. Invesco QQQ makes up 1.9% of Hilltop Holdings Inc.’s portfolio, making the stock its 4th biggest position. Hilltop Holdings Inc.’s holdings in Invesco QQQ were worth $21,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of Invesco QQQ by 381.0% in the fourth 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 acquiring an additional 26,505,055 shares in the last quarter. Corient Private Wealth LLC increased its stake in shares of Invesco QQQ by 3,567.7% during the fourth quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock valued at $13,168,912,000 after acquiring an additional 20,852,432 shares during the period. Delta Global Management LP bought a new stake in Invesco QQQ during the fourth quarter worth approximately $821,084,000. Align Financial LLC bought a new stake in Invesco QQQ during the fourth quarter worth approximately $78,118,000. Finally, Bank of Montreal Can lifted its position in Invesco QQQ by 142.4% in the fourth quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund’s stock worth $877,406,000 after purchasing an additional 840,803 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 1.1%

Shares of NASDAQ QQQ opened at $684.25 on Friday. Invesco QQQ has a 1 year low of $551.68 and a 1 year high of $748.65. The stock has a fifty day moving average price of $718.86 and a two-hundred day moving average price of $655.96.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were paid a dividend of $0.8135 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

More Invesco QQQ News

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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.

See Also

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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