Hilltop Holdings Inc. Raises Stake in Invesco QQQ (NASDAQ:QQQ)

Hilltop Holdings Inc. raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 167.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,963 shares of the exchange traded fund’s stock after buying an additional 4,985 shares during the quarter. Hilltop Holdings Inc.’s holdings in Invesco QQQ were worth $3,261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Red Tortoise LLC raised its position in shares of Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 74 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at about $41,000. Robinson Capital Management LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at about $40,000. Bear Mountain Capital Inc. bought a new stake in shares of Invesco QQQ during the 4th quarter valued at about $42,000. Finally, Core Wealth Advisors Inc. grew its holdings in shares of Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 30 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.9 %

QQQ traded up $4.29 on Friday, reaching $457.95. The company had a trading volume of 29,669,461 shares, compared to its average volume of 33,694,408. Invesco QQQ has a 52-week low of $336.67 and a 52-week high of $460.58. The business has a 50 day simple moving average of $439.25 and a 200 day simple moving average of $422.38.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Monday, March 18th.

Invesco QQQ 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.