Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Titleist Asset Management LLC

Titleist Asset Management LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 26.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,377 shares of the exchange traded fund’s stock after purchasing an additional 1,758 shares during the quarter. Titleist Asset Management LLC’s holdings in Invesco QQQ were worth $4,282,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQ. Stevard LLC grew its stake in shares of Invesco QQQ by 1.8% in the 4th quarter. Stevard LLC now owns 2,801 shares of the exchange traded fund’s stock valued at $1,432,000 after purchasing an additional 49 shares during the last quarter. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. purchased a new position in Invesco QQQ in the 4th quarter valued at $1,786,000. Russell Investments Group Ltd. grew its position in Invesco QQQ by 25.0% in the 4th quarter. Russell Investments Group Ltd. now owns 2,869 shares of the exchange traded fund’s stock valued at $1,467,000 after buying an additional 573 shares during the last quarter. Anchor Capital Management Group Inc acquired a new position in Invesco QQQ in the 4th quarter valued at $174,214,000. Finally, Wedbush Securities Inc. raised its position in Invesco QQQ by 1.8% during the 4th quarter. Wedbush Securities Inc. now owns 87,370 shares of the exchange traded fund’s stock worth $44,666,000 after buying an additional 1,581 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 6.2 %

Shares of NASDAQ:QQQ opened at $422.67 on Friday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The firm’s 50-day simple moving average is $501.45 and its 200-day simple moving average is $504.58. The company has a market cap of $268.12 billion, a price-to-earnings ratio of 30.05 and a beta of 1.18.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.