Fisher Asset Management LLC Buys 58,678 Shares of Invesco QQQ Trust (QQQ)

Fisher Asset Management LLC grew its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 11.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 560,097 shares of the exchange traded fund’s stock after purchasing an additional 58,678 shares during the quarter. Fisher Asset Management LLC owned approximately 0.14% of Invesco QQQ Trust worth $86,401,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. CX Institutional lifted its holdings in Invesco QQQ Trust by 1,811.1% during the fourth quarter. CX Institutional now owns 344 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 326 shares during the period. Lenox Wealth Management Inc. lifted its holdings in Invesco QQQ Trust by 848.8% during the fourth quarter. Lenox Wealth Management Inc. now owns 1,167 shares of the exchange traded fund’s stock worth $87,000 after acquiring an additional 1,044 shares during the period. Edge Wealth Management LLC lifted its holdings in Invesco QQQ Trust by 285.4% during the fourth quarter. Edge Wealth Management LLC now owns 632 shares of the exchange traded fund’s stock worth $97,000 after acquiring an additional 468 shares during the period. NuWave Investment Management LLC lifted its holdings in Invesco QQQ Trust by 21.3% during the fourth quarter. NuWave Investment Management LLC now owns 644 shares of the exchange traded fund’s stock worth $99,000 after acquiring an additional 113 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC lifted its holdings in Invesco QQQ Trust by 2,409.1% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 552 shares of the exchange traded fund’s stock worth $103,000 after acquiring an additional 530 shares during the period. Institutional investors own 41.94% of the company’s stock.

Separately, Bank of America lowered Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a report on Monday, November 5th.

Shares of Invesco QQQ Trust stock opened at $165.15 on Friday. Invesco QQQ Trust has a 12 month low of $143.46 and a 12 month high of $187.53.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Wednesday, December 26th were issued a dividend of $0.4206 per share. This is a positive change from Invesco QQQ Trust’s previous quarterly dividend of $0.33. This represents a $1.68 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Monday, December 24th.

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Invesco QQQ Trust 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.

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