Duncan Williams Asset Management LLC Has $5.68 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Duncan Williams Asset Management LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,112 shares of the exchange traded fund’s stock after buying an additional 150 shares during the quarter. Invesco QQQ accounts for approximately 2.2% of Duncan Williams Asset Management LLC’s portfolio, making the stock its 10th largest holding. Duncan Williams Asset Management LLC’s holdings in Invesco QQQ were worth $5,681,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC increased its position in Invesco QQQ by 332.0% during the 2nd quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock valued at $5,769,000 after purchasing an additional 9,254 shares during the period. The Manufacturers Life Insurance Company increased its position in Invesco QQQ by 28.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,490 shares of the exchange traded fund’s stock valued at $33,772,000 after buying an additional 15,648 shares in the last quarter. Scientech Research LLC purchased a new stake in shares of Invesco QQQ in the second quarter worth $1,086,000. Beaird Harris Wealth Management LLC raised its position in shares of Invesco QQQ by 15.0% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 859 shares of the exchange traded fund’s stock worth $412,000 after purchasing an additional 112 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group lifted its stake in shares of Invesco QQQ by 6,597.8% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 62,290 shares of the exchange traded fund’s stock worth $29,844,000 after buying an additional 61,360 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.6 %

Shares of NASDAQ QQQ opened at $529.63 on Friday. The firm’s 50-day moving average price is $517.86 and its 200-day moving average price is $493.31. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Announces Dividend

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