Catalyst Capital Advisors LLC Grows Stake in Invesco QQQ (NASDAQ:QQQ)

Catalyst Capital Advisors LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 124.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,816 shares of the exchange traded fund’s stock after purchasing an additional 4,326 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Invesco QQQ were worth $3,815,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQ. International Assets Investment Management LLC increased its holdings in shares of Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after acquiring an additional 32,516,210 shares during the period. Steel Grove Capital Advisors LLC increased its holdings in shares of Invesco QQQ by 934.0% in the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after acquiring an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC increased its holdings in shares of Invesco QQQ by 18,691.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after acquiring an additional 2,762,571 shares during the period. Granite Bay Wealth Management LLC increased its holdings in shares of Invesco QQQ by 6,215.5% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after acquiring an additional 894,532 shares during the period. Finally, Harvard Management Co. Inc. purchased a new position in shares of Invesco QQQ in the 1st quarter valued at $304,591,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $486.01 on Tuesday. Invesco QQQ has a 1-year low of $366.91 and a 1-year high of $503.52. The business has a fifty day moving average price of $482.01 and a 200-day moving average price of $469.55.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.56%.

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.