Invesco QQQ (NASDAQ:QQQ) is Transcend Capital Advisors LLC’s 9th Largest Position

Transcend Capital Advisors LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,744 shares of the exchange traded fund’s stock after acquiring an additional 1,240 shares during the period. Invesco QQQ accounts for 1.3% of Transcend Capital Advisors LLC’s holdings, making the stock its 9th biggest holding. Transcend Capital Advisors LLC’s holdings in Invesco QQQ were worth $15,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in QQQ. International Assets Investment Management LLC lifted its position in Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Invesco QQQ by 1.2% during the third quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock valued at $1,623,380,000 after buying an additional 52,019 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after buying an additional 243,305 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Invesco QQQ by 5.2% in the third quarter. Commonwealth Equity Services LLC now owns 2,312,133 shares of the exchange traded fund’s stock worth $828,368,000 after buying an additional 114,095 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in Invesco QQQ by 2.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock worth $663,516,000 after purchasing an additional 43,000 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock traded up $6.55 during trading on Friday, reaching $431.00. 41,874,907 shares of the stock were exchanged, compared to its average volume of 47,550,872. Invesco QQQ has a 1 year low of $315.05 and a 1 year high of $449.34. The business has a 50 day moving average price of $436.88 and a 200-day moving average price of $410.11.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend 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.