Lyell Wealth Management LP Increases Stake in Invesco QQQ (NASDAQ:QQQ)

Lyell Wealth Management LP increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 12.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,470 shares of the exchange traded fund’s stock after buying an additional 490 shares during the period. Lyell Wealth Management LP’s holdings in Invesco QQQ were worth $1,831,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. grew its stake in shares of Invesco QQQ by 9.4% during the 3rd quarter. GHP Investment Advisors Inc. now owns 3,344 shares of the exchange traded fund’s stock worth $1,222,000 after purchasing an additional 287 shares during the period. Culbertson A N & Co. Inc. grew its stake in shares of Invesco QQQ by 13.6% during the 3rd quarter. Culbertson A N & Co. Inc. now owns 926 shares of the exchange traded fund’s stock worth $332,000 after purchasing an additional 111 shares during the period. RFG Holdings Inc. grew its stake in shares of Invesco QQQ by 141.5% during the 3rd quarter. RFG Holdings Inc. now owns 68,057 shares of the exchange traded fund’s stock worth $24,383,000 after purchasing an additional 39,881 shares during the period. Galvin Gaustad & Stein LLC grew its stake in shares of Invesco QQQ by 45.3% during the 3rd quarter. Galvin Gaustad & Stein LLC now owns 805 shares of the exchange traded fund’s stock worth $288,000 after purchasing an additional 251 shares during the period. Finally, Sparta 24 Ltd. grew its stake in shares of Invesco QQQ by 145.8% during the 3rd quarter. Sparta 24 Ltd. now owns 33,740 shares of the exchange traded fund’s stock worth $12,088,000 after purchasing an additional 20,016 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded down $1.38 during midday trading on Thursday, reaching $425.13. 44,138,125 shares of the stock were exchanged, compared to its average volume of 46,010,602. Invesco QQQ has a twelve month low of $311.34 and a twelve month high of $449.34. The firm has a 50-day simple moving average of $437.07 and a two-hundred day simple moving average of $409.56.

Invesco QQQ Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%.

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.