Invesco QQQ (NASDAQ:QQQ) is EdgeRock Capital LLC’s 6th Largest Position

EdgeRock Capital LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 17.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,409 shares of the exchange traded fund’s stock after selling 3,664 shares during the quarter. Invesco QQQ makes up 5.5% of EdgeRock Capital LLC’s investment portfolio, making the stock its 6th largest holding. EdgeRock Capital LLC’s holdings in Invesco QQQ were worth $7,469,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in QQQ. International Assets Investment Management LLC boosted its stake in Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after purchasing an additional 28,263,426 shares during the period. Comerica Bank bought a new position in Invesco QQQ in the 3rd quarter worth about $140,657,000. Granite Bay Wealth Management LLC boosted its stake in Invesco QQQ by 47.1% in the 4th quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock worth $451,075,000 after purchasing an additional 378,922 shares during the period. CHURCHILL MANAGEMENT Corp boosted its stake in Invesco QQQ by 36.3% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock worth $578,680,000 after purchasing an additional 376,661 shares during the period. Finally, Cerity Partners LLC boosted its position in shares of Invesco QQQ by 77.2% during the 4th quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock valued at $345,182,000 after acquiring an additional 367,317 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ traded up $0.07 during trading hours on Tuesday, reaching $440.32. 30,920,734 shares of the company’s stock traded hands, compared to its average volume of 45,561,238. Invesco QQQ has a 12 month low of $321.32 and a 12 month high of $449.34. The firm’s 50 day simple moving average is $436.66 and its 200-day simple moving average is $414.00.

Invesco QQQ Dividend Announcement

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

Invesco QQQ Company 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.