Murchinson Ltd. Makes New $30.50 Million Investment in Invesco QQQ (NASDAQ:QQQ)

Murchinson Ltd. acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 62,500 shares of the exchange traded fund’s stock, valued at approximately $30,504,000. Invesco QQQ comprises approximately 8.3% of Murchinson Ltd.’s holdings, making the stock its 3rd biggest holding.

Several other hedge funds have also recently made changes to their positions in QQQ. Vanguard Group Inc. boosted its holdings in shares of Invesco QQQ by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock valued at $7,779,000 after acquiring an additional 832 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Invesco QQQ during the 1st quarter worth about $210,000. Harbor Capital Advisors Inc. purchased a new position in shares of Invesco QQQ during the 2nd quarter valued at about $269,000. CGN Advisors LLC raised its stake in shares of Invesco QQQ by 10.1% during the 2nd quarter. CGN Advisors LLC now owns 1,335 shares of the exchange traded fund’s stock valued at $640,000 after buying an additional 122 shares during the last quarter. Finally, Lantz Financial LLC acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at about $214,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.3 %

Invesco QQQ stock opened at $516.87 on Wednesday. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $517.15. The business’s 50-day moving average price is $497.40 and its 200 day moving average price is $480.28.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.