Marco Investment Management LLC Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

Marco Investment Management LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 48.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 9,621 shares of the exchange traded fund’s stock after buying an additional 3,123 shares during the quarter. Marco Investment Management LLC’s holdings in Invesco QQQ were worth $4,696,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQ. International Assets Investment Management LLC lifted its stake in Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after acquiring an additional 32,516,210 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Invesco QQQ by 7.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after purchasing an additional 338,494 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco QQQ by 1.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock worth $1,532,904,000 after purchasing an additional 33,790 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings 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 valued at $13,307,000 after buying an additional 2,762,571 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Invesco QQQ by 2.6% in the second quarter. Commonwealth Equity Services LLC now owns 2,544,540 shares of the exchange traded fund’s stock valued at $1,219,115,000 after buying an additional 64,401 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.2 %

Shares of NASDAQ QQQ opened at $505.79 on Friday. The business has a 50-day moving average of $493.08 and a two-hundred day moving average of $476.93. Invesco QQQ has a 1 year low of $382.66 and a 1 year high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Monday, September 23rd.

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.