Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD lifted its position in Invesco QQQ (NASDAQ:QQQFree Report) by 23.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,911 shares of the exchange traded fund’s stock after acquiring an additional 361 shares during the quarter. Polymer Capital Management HK LTD’s holdings in Invesco QQQ were worth $933,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Murchinson Ltd. bought a new position in shares of Invesco QQQ during the 3rd quarter valued at $30,504,000. IHT Wealth Management LLC raised its holdings in Invesco QQQ by 42.5% during the third quarter. IHT Wealth Management LLC now owns 267,180 shares of the exchange traded fund’s stock valued at $129,749,000 after buying an additional 79,644 shares in the last quarter. Ingalls & Snyder LLC lifted its position in shares of Invesco QQQ by 7.4% in the third quarter. Ingalls & Snyder LLC now owns 3,161 shares of the exchange traded fund’s stock worth $1,543,000 after buying an additional 219 shares during the last quarter. Intrepid Capital Management Inc. boosted its stake in shares of Invesco QQQ by 8.2% during the 3rd quarter. Intrepid Capital Management Inc. now owns 2,763 shares of the exchange traded fund’s stock worth $1,348,000 after acquiring an additional 209 shares in the last quarter. Finally, Independent Family Office LLC increased its holdings in shares of Invesco QQQ by 6.3% during the 3rd quarter. Independent Family Office LLC now owns 2,588 shares of the exchange traded fund’s stock valued at $1,243,000 after acquiring an additional 153 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.3 %

Shares of QQQ opened at $516.87 on Wednesday. The company’s fifty day moving average price is $497.40 and its 200 day moving average price is $480.28. Invesco QQQ has a one year low of $382.66 and a one year high of $517.15.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco QQQ

(Free Report)

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

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

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.