Invesco QQQ (NASDAQ:QQQ) Holdings Increased by Crew Capital Management Ltd.

Crew Capital Management Ltd. raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 34.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,262 shares of the exchange traded fund’s stock after acquiring an additional 1,612 shares during the quarter. Invesco QQQ accounts for approximately 2.7% of Crew Capital Management Ltd.’s investment portfolio, making the stock its 6th biggest position. Crew Capital Management Ltd.’s holdings in Invesco QQQ were worth $3,202,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in QQQ. Keybank National Association OH raised its holdings in Invesco QQQ by 9.0% in the 4th quarter. Keybank National Association OH now owns 34,355 shares of the exchange traded fund’s stock worth $17,563,000 after purchasing an additional 2,839 shares during the period. Mainstream Capital Management LLC bought a new position in Invesco QQQ in the 4th quarter worth $194,000. Ring Mountain Capital LLC bought a new position in Invesco QQQ in the 4th quarter worth $213,000. Kapstone Financial Advisors LLC raised its holdings in Invesco QQQ by 23.6% in the 4th quarter. Kapstone Financial Advisors LLC now owns 4,996 shares of the exchange traded fund’s stock worth $2,602,000 after purchasing an additional 954 shares during the period. Finally, AMJ Financial Wealth Management raised its holdings in Invesco QQQ by 15.2% in the 4th quarter. AMJ Financial Wealth Management now owns 1,958 shares of the exchange traded fund’s stock worth $1,001,000 after purchasing an additional 258 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.3 %

NASDAQ:QQQ opened at $495.55 on Wednesday. The business’s 50-day simple moving average is $520.84 and its two-hundred day simple moving average is $503.87. The stock has a market cap of $312.32 billion, a PE ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco QQQ

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.