Gimbal Financial Invests $288,000 in Invesco QQQ (NASDAQ:QQQ)

Gimbal Financial purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 703 shares of the exchange traded fund’s stock, valued at approximately $288,000.

Several other large investors also recently made changes to their positions in QQQ. International Assets Investment Management LLC raised its holdings 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 valued at $11,602,698,000 after acquiring an additional 28,263,426 shares in the last quarter. Comerica Bank acquired a new position in shares of Invesco QQQ in the 3rd quarter worth approximately $140,657,000. Granite Bay Wealth Management LLC raised its holdings in shares of 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 buying an additional 378,922 shares in the last quarter. CHURCHILL MANAGEMENT Corp raised its holdings in shares of 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 buying an additional 376,661 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Invesco QQQ by 77.2% in the 4th quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock worth $345,182,000 after buying an additional 367,317 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.0 %

Shares of QQQ traded up $4.17 during mid-day trading on Monday, reaching $418.82. The company had a trading volume of 47,522,746 shares, compared to its average volume of 46,037,379. The company’s 50-day moving average is $437.60 and its 200-day moving average is $408.60. Invesco QQQ has a twelve month low of $309.89 and a twelve month high of $449.34.

Invesco QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.55%.

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.