Novare Capital Management LLC Boosts Holdings in Invesco QQQ (NASDAQ:QQQ)

Novare Capital Management LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 137.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,851 shares of the exchange traded fund’s stock after buying an additional 6,860 shares during the period. Novare Capital Management LLC’s holdings in Invesco QQQ were worth $6,058,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its stake in Invesco QQQ by 332.0% in the second quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock worth $5,769,000 after acquiring an additional 9,254 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Invesco QQQ by 28.5% during the second quarter. The Manufacturers Life Insurance Company now owns 70,490 shares of the exchange traded fund’s stock worth $33,772,000 after purchasing an additional 15,648 shares in the last quarter. SkyView Investment Advisors LLC purchased a new position in Invesco QQQ in the second quarter valued at $209,000. Full Sail Capital LLC increased its holdings in Invesco QQQ by 3.5% in the second quarter. Full Sail Capital LLC now owns 1,327 shares of the exchange traded fund’s stock valued at $636,000 after buying an additional 45 shares during the last quarter. Finally, Aviso Wealth Management acquired a new stake in Invesco QQQ in the second quarter valued at $264,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.6 %

NASDAQ:QQQ opened at $529.63 on Monday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The stock has a 50-day simple moving average of $517.86 and a 200-day simple moving average of $493.28.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.