Atlas Brown Inc. Purchases 41 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

Atlas Brown Inc. lifted its position in Invesco QQQ Trust (NASDAQ:QQQ) by 2.6% during the 3rd quarter, Holdings Channel reports. The firm owned 1,647 shares of the exchange traded fund’s stock after acquiring an additional 41 shares during the period. Atlas Brown Inc.’s holdings in Invesco QQQ Trust were worth $590,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of QQQ. FMR LLC grew its holdings in shares of Invesco QQQ Trust by 4.4% in the first quarter. FMR LLC now owns 155,853 shares of the exchange traded fund’s stock worth $28,000,000 after purchasing an additional 6,637 shares during the last quarter. Ironwood Wealth Management LLC. grew its holdings in shares of Invesco QQQ Trust by 1.0% in the first quarter. Ironwood Wealth Management LLC. now owns 4,560 shares of the exchange traded fund’s stock worth $1,455,000 after purchasing an additional 44 shares during the last quarter. Man Group plc purchased a new stake in Invesco QQQ Trust in the first quarter worth $1,020,000. tru Independence LLC purchased a new stake in Invesco QQQ Trust in the first quarter worth $264,000. Finally, Stonnington Group LLC purchased a new stake in Invesco QQQ Trust in the first quarter worth $521,000. Hedge funds and other institutional investors own 42.04% of the company’s stock.

QQQ stock traded up $1.28 on Thursday, reaching $398.76. The company’s stock had a trading volume of 46,954,382 shares, compared to its average volume of 42,301,910. The business has a fifty day simple moving average of $378.40 and a two-hundred day simple moving average of $363.38. Invesco QQQ Trust has a 12-month low of $294.59 and a 12-month high of $408.71.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 29th. Investors of record on Tuesday, September 21st were paid a $0.414 dividend. This is a positive change from Invesco QQQ Trust’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, September 20th. This represents a $1.66 dividend on an annualized basis and a yield of 0.42%.

Invesco QQQ Trust 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.

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

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