36,761 Shares in Invesco QQQ (NASDAQ:QQQ) Purchased by Clear Street Derivatives LLC

Clear Street Derivatives LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 36,761 shares of the exchange traded fund’s stock, valued at approximately $17,942,000. Invesco QQQ comprises 0.3% of Clear Street Derivatives LLC’s portfolio, making the stock its 9th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Coastwise Capital Group LLC increased its holdings in shares of Invesco QQQ by 25.8% in the third quarter. Coastwise Capital Group LLC now owns 3,058 shares of the exchange traded fund’s stock valued at $1,492,000 after purchasing an additional 627 shares during the period. Beacon Investment Advisory Services Inc. lifted its holdings in shares of Invesco QQQ by 1.1% during the third quarter. Beacon Investment Advisory Services Inc. now owns 2,095 shares of the exchange traded fund’s stock worth $1,023,000 after purchasing an additional 22 shares during the period. Benjamin Edwards Inc. grew its position in Invesco QQQ by 6,291.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 47,296 shares of the exchange traded fund’s stock valued at $23,091,000 after buying an additional 46,556 shares during the last quarter. Atom Investors LP increased its stake in Invesco QQQ by 3.2% in the 3rd quarter. Atom Investors LP now owns 7,717 shares of the exchange traded fund’s stock valued at $3,766,000 after buying an additional 237 shares during the period. Finally, Royal Capital Wealth Management LLC increased its stake in Invesco QQQ by 22.9% in the 3rd quarter. Royal Capital Wealth Management LLC now owns 8,883 shares of the exchange traded fund’s stock valued at $4,336,000 after buying an additional 1,653 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $509.74 on Monday. The company has a fifty day moving average of $496.13 and a 200-day moving average of $479.38. Invesco QQQ has a one year low of $382.66 and a one year high of $515.58.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.53%.

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.