Mount Lucas Management LP Purchases 14,015 Shares of Invesco QQQ (NASDAQ:QQQ)

Mount Lucas Management LP increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 35.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,283 shares of the exchange traded fund's stock after purchasing an additional 14,015 shares during the period. Invesco QQQ accounts for about 8.8% of Mount Lucas Management LP's portfolio, making the stock its 2nd largest position. Mount Lucas Management LP's holdings in Invesco QQQ were worth $26,006,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. PBCay One RSC Ltd increased its stake in shares of Invesco QQQ by 6.2% in the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund's stock worth $166,504,000 after acquiring an additional 22,000 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Invesco QQQ by 140.6% in the first quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund's stock worth $108,000 after buying an additional 142 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Invesco QQQ during the first quarter worth about $844,000. Vanguard Group Inc. raised its position in Invesco QQQ by 5.0% during the first 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 in the last quarter. Finally, Davis R M Inc. lifted its holdings in Invesco QQQ by 15.3% in the first quarter. Davis R M Inc. now owns 3,763 shares of the exchange traded fund's stock valued at $1,671,000 after acquiring an additional 498 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded down $12.12 during midday trading on Friday, reaching $496.57. 51,461,054 shares of the stock were exchanged, compared to its average volume of 29,269,732. The firm has a 50-day simple moving average of $489.33 and a two-hundred day simple moving average of $474.46. Invesco QQQ has a twelve month low of $382.66 and a twelve month high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%. 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.