Invesco QQQ Trust (NASDAQ:QQQ) Shares Acquired by Darwin Advisors LLC

Darwin Advisors LLC raised its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 374.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,763 shares of the exchange traded fund’s stock after buying an additional 66,886 shares during the quarter. Invesco QQQ Trust accounts for about 5.1% of Darwin Advisors LLC’s holdings, making the stock its 3rd biggest position. Darwin Advisors LLC’s holdings in Invesco QQQ Trust were worth $23,550,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the business. Roman Butler Fullerton & Co. lifted its holdings in shares of Invesco QQQ Trust by 4.9% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 7,279 shares of the exchange traded fund’s stock valued at $2,023,000 after buying an additional 339 shares during the last quarter. Atlas Brown Inc. lifted its stake in Invesco QQQ Trust by 9.6% in the third quarter. Atlas Brown Inc. now owns 1,238 shares of the exchange traded fund’s stock valued at $344,000 after acquiring an additional 108 shares during the last quarter. Evolution Wealth Advisors LLC grew its position in Invesco QQQ Trust by 49.3% in the third quarter. Evolution Wealth Advisors LLC now owns 78,783 shares of the exchange traded fund’s stock worth $21,889,000 after acquiring an additional 26,007 shares in the last quarter. Benchmark Financial Wealth Advisors LLC increased its stake in shares of Invesco QQQ Trust by 28.2% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 2,798 shares of the exchange traded fund’s stock worth $777,000 after purchasing an additional 616 shares during the last quarter. Finally, Ford Financial Group LLC raised its holdings in shares of Invesco QQQ Trust by 0.7% during the 3rd quarter. Ford Financial Group LLC now owns 15,979 shares of the exchange traded fund’s stock valued at $4,439,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 42.99% of the company’s stock.

NASDAQ:QQQ opened at $288.51 on Friday. Invesco QQQ Trust has a 1 year low of $164.93 and a 1 year high of $303.50. The firm’s fifty day simple moving average is $279.70 and its 200 day simple moving average is $249.24.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, September 22nd will be issued a dividend of $0.388 per share. This represents a $1.55 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Monday, September 21st.

Separately, ValuEngine downgraded Invesco QQQ Trust from a “hold” rating to a “sell” rating in a report on Thursday, July 2nd.

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.

Featured Article: What are gap-down stocks?

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 Trust (NASDAQ:QQQ).

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

Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.