Telos Capital Management Inc. Grows Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Telos Capital Management Inc. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 33.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,366 shares of the exchange traded fund’s stock after buying an additional 5,307 shares during the period. Telos Capital Management Inc.’s holdings in Invesco QQQ were worth $8,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Friedenthal Financial purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $41,000. Bear Mountain Capital Inc. purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $42,000. Core Wealth Advisors Inc. lifted its holdings in shares of Invesco QQQ by 33.3% in the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Invesco QQQ in the second quarter valued at about $44,000. Finally, Blume Capital Management Inc. lifted its holdings in shares of Invesco QQQ by 104.0% in the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.9 %

Shares of NASDAQ QQQ traded down $3.87 on Wednesday, hitting $427.23. The company’s stock had a trading volume of 36,158,869 shares, compared to its average volume of 45,320,684. Invesco QQQ has a 12-month low of $309.89 and a 12-month high of $449.34. The stock has a 50 day moving average of $438.36 and a 200-day moving average of $407.27.

Invesco QQQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Monday, March 18th.

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.