Peregrine Asset Advisers Inc. Acquires 2,416 Shares of Invesco QQQ (NASDAQ:QQQ)

Peregrine Asset Advisers Inc. raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 78.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,479 shares of the exchange traded fund’s stock after purchasing an additional 2,416 shares during the period. Invesco QQQ comprises 1.1% of Peregrine Asset Advisers Inc.’s portfolio, making the stock its 27th largest holding. Peregrine Asset Advisers Inc.’s holdings in Invesco QQQ were worth $2,244,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Red Tortoise LLC increased its holdings in shares of Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 74 shares in the last quarter. Friedenthal Financial bought a new position in shares of Invesco QQQ in the fourth quarter worth approximately $41,000. Bear Mountain Capital Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $42,000. Core Wealth Advisors Inc. increased its position in shares of Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. raised its holdings in Invesco QQQ by 104.0% in the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 3,500 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 1.1 %

Shares of Invesco QQQ stock traded up $4.77 on Monday, reaching $440.25. The company’s stock had a trading volume of 29,870,592 shares, compared to its average volume of 45,728,453. Invesco QQQ has a 52 week low of $321.32 and a 52 week high of $449.34. The firm’s fifty day simple moving average is $436.61 and its two-hundred day simple moving average is $413.39.

Invesco QQQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a yield of 0.52%. The ex-dividend date was Monday, March 18th.

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.