Insigneo Advisory Services LLC Increases Holdings in Invesco QQQ

Insigneo Advisory Services LLC has increased its ownership of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.0% during the third quarter of the year, according to its latest Form 13F filing with the Securities and Exchange Commission. Following this acquisition, the firm now owns 29,147 shares of this exchange-traded fund after adding 2,416 more shares during this period. Invesco QQQ represents approximately 1.4% of Insigneo Advisory Services LLC's total investment portfolio, making it the firm’s 11th largest stake. As per the most recent SEC filing, the value of Insigneo Advisory Services LLC's holdings in Invesco QQQ is reported to be $14,226,000.

Other Investor Activities in QQQ

A number of other institutional investors and hedge funds have also been active in buying and selling shares of Invesco QQQ. For instance, Kovitz Investment Group Partners LLC increased its position in this ETF by a significant 73.0% in the third quarter, bringing its total to 49,510 shares worth approximately $24,164,000 after acquiring 20,884 additional shares. Similarly, Vienna Asset Management LLC raised its share count by 19.3% during the same period, now holding 14,337 shares valued at $6,998,000 after purchasing 2,322 shares. Wallace Capital Management Inc. established a new position in the fund valued at $200,000 in the third quarter. Additionally, Weaver Consulting Group boosted its stake in Invesco QQQ by 3.2%, ending up with 3,567 shares worth about $1,741,000 after acquiring 110 shares. Furthermore, Weiss Asset Management LP also initiated a new position in Invesco QQQ valued at $1,659,000. Currently, institutional investors and hedge funds own about 44.58% of the fund.

Market Performance of Invesco QQQ

As of Friday, Invesco QQQ shares were trading at $521.81. The ETF has a 50-day moving average price of $498.80 and a 200-day moving average price of $480.87. Over the past year, its price has fluctuated with a low of $384.70 and a high of $524.04.

Dividend Announcement from Invesco QQQ

Recently, Invesco QQQ announced a quarterly dividend payment, which was distributed on October 31st. Shareholders who were on record as of September 23rd received a dividend of $0.677 per share. This results in an annualized dividend of $2.71 and a yield of 0.52%. The ex-dividend date was also September 23rd.

Understanding Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that offers securities known as Nasdaq-100 Index Tracking Stock. The primary investment objective of the Trust is to provide returns that closely match the price and yield performance of the Nasdaq-100 Index. This allows investors to purchase units of beneficial interest in the Trust, which represent a proportionate share in the portfolio of securities held by the Trust, effectively mirroring the component securities of the Nasdaq-100 Index.

Invesco, Shares, Investors