Caas Capital Management LP Purchases 9,171 Shares of Invesco QQQ (NASDAQ:QQQ)

Caas Capital Management LP boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 133.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,022 shares of the exchange traded fund’s stock after purchasing an additional 9,171 shares during the period. Invesco QQQ accounts for approximately 0.9% of Caas Capital Management LP’s holdings, making the stock its 5th largest holding. Caas Capital Management LP’s holdings in Invesco QQQ were worth $7,820,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Allspring Global Investments Holdings LLC acquired a new position in Invesco QQQ in the first quarter valued at approximately $39,478,000. WFA Asset Management Corp grew its holdings in shares of Invesco QQQ by 70.6% during the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after buying an additional 1,894 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in shares of Invesco QQQ by 13.5% in the first quarter. Ashton Thomas Private Wealth LLC now owns 36,237 shares of the exchange traded fund’s stock valued at $16,089,000 after purchasing an additional 4,312 shares during the last quarter. Benchmark Financial Wealth Advisors LLC lifted its position in Invesco QQQ by 6.3% during the 1st quarter. Benchmark Financial Wealth Advisors LLC now owns 1,397 shares of the exchange traded fund’s stock worth $620,000 after buying an additional 83 shares in the last quarter. Finally, Edge Financial Advisors LLC bought a new stake in Invesco QQQ during the first quarter worth about $2,041,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.0 %

Shares of NASDAQ QQQ traded up $4.80 during trading hours on Friday, hitting $488.65. The company had a trading volume of 10,514,275 shares, compared to its average volume of 38,527,840. The firm’s 50 day moving average is $481.65 and its 200-day moving average is $468.15. Invesco QQQ has a 1-year low of $360.30 and a 1-year high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.55%.

Invesco QQQ 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.