Carlson Capital Management Has $819,000 Position in Invesco QQQ (NASDAQ:QQQ)

Carlson Capital Management grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.9% in the third quarter, HoldingsChannel.com reports. The fund owned 1,677 shares of the exchange traded fund’s stock after acquiring an additional 108 shares during the quarter. Carlson Capital Management’s holdings in Invesco QQQ were worth $819,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after buying an additional 32,516,210 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in Invesco QQQ by 18,691.3% in the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after purchasing an additional 2,762,571 shares during the last quarter. Granite Bay Wealth Management LLC grew its holdings in Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after purchasing an additional 894,532 shares during the period. Mirae Asset Securities USA Inc. bought a new position in shares of Invesco QQQ in the second quarter worth $215,600,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in Invesco QQQ by 6,880.6% in the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 395,588 shares of the exchange traded fund’s stock valued at $189,530,000 after purchasing an additional 389,921 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.6 %

QQQ traded up $2.79 on Tuesday, reaching $509.38. The company had a trading volume of 7,165,762 shares, compared to its average volume of 37,833,793. The business has a 50 day simple moving average of $493.75 and a 200 day simple moving average of $477.65. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.53%. The ex-dividend date was 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.