Invesco QQQ (NASDAQ:QQQ) Shares Bought by Grandview Asset Management LLC

Grandview Asset Management LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 19,595 shares of the exchange traded fund’s stock after buying an additional 528 shares during the period. Invesco QQQ makes up about 5.5% of Grandview Asset Management LLC’s holdings, making the stock its 4th biggest holding. Grandview Asset Management LLC’s holdings in Invesco QQQ were worth $9,564,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. KBC Group NV purchased a new stake in Invesco QQQ in the 4th quarter valued at about $488,000. 1832 Asset Management L.P. lifted its stake in Invesco QQQ by 187.9% in the fourth quarter. 1832 Asset Management L.P. now owns 8,012 shares of the exchange traded fund’s stock valued at $3,281,000 after purchasing an additional 5,229 shares during the last quarter. Karpus Management Inc. purchased a new stake in Invesco QQQ in the fourth quarter worth $235,000. Morningstar Investment Services LLC purchased a new stake in Invesco QQQ in the 4th quarter worth about $410,000. Finally, Clal Insurance Enterprises Holdings Ltd bought a new stake in Invesco QQQ in the 4th quarter valued at about $4,577,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ:QQQ traded up $5.73 on Friday, reaching $487.32. 30,744,909 shares of the company’s stock were exchanged, compared to its average volume of 39,685,844. The stock has a fifty day simple moving average of $469.56 and a 200-day simple moving average of $461.68. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Monday, September 23rd.

Invesco QQQ 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.