Means Investment CO. Inc. Purchases 42 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

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Means Investment CO. Inc. increased its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 2.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,762 shares of the exchange traded fund’s stock after purchasing an additional 42 shares during the period. Means Investment CO. Inc.’s holdings in Invesco QQQ Trust were worth $562,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of QQQ. Inspire Advisors LLC bought a new position in shares of Invesco QQQ Trust in the fourth quarter worth $26,000. Claudia M.P. Batlle CRP R LLC bought a new position in shares of Invesco QQQ Trust in the third quarter worth $28,000. Costello Asset Management INC grew its position in Invesco QQQ Trust by 119.0% in the fourth quarter. Costello Asset Management INC now owns 92 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 50 shares during the last quarter. Wells Financial Advisors INC bought a new position in Invesco QQQ Trust in the fourth quarter valued at about $29,000. Finally, Clark Financial Advisors bought a new position in Invesco QQQ Trust in the fourth quarter valued at about $31,000. Institutional investors own 47.01% of the company’s stock.

Invesco QQQ Trust stock traded up $2.75 during midday trading on Thursday, reaching $334.37. The company’s stock had a trading volume of 1,195,528 shares, compared to its average volume of 49,784,813. Invesco QQQ Trust has a 52 week low of $196.17 and a 52 week high of $338.19. The business has a 50-day moving average price of $318.32 and a 200-day moving average price of $311.09.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Shareholders of record on Tuesday, March 23rd will be given a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, March 22nd.

About Invesco QQQ Trust

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.

Read More: Initial Coin Offering (ICO)

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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