Global Assets Advisory LLC Invests $4.58 Million in Invesco QQQ (NASDAQ:QQQ)

Global Assets Advisory LLC bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,975 shares of the exchange traded fund's stock, valued at approximately $4,579,000. Invesco QQQ comprises approximately 2.5% of Global Assets Advisory LLC's holdings, making the stock its 9th largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QQQ. Stephens Consulting LLC raised its position in shares of Invesco QQQ by 0.4% during the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock worth $2,769,000 after purchasing an additional 19 shares during the period. Cardinal Point Capital Management ULC boosted its stake in Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund's stock worth $1,995,000 after purchasing an additional 20 shares during the period. Hoese & Co LLP lifted its holdings in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position in shares of Invesco QQQ by 1.9% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock worth $559,000 after buying an additional 20 shares during the period. Finally, RAM Investment Partners LLC boosted its position in shares of Invesco QQQ by 1.7% during the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock worth $597,000 after buying an additional 20 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Invesco QQQ stock traded up $19.88 during mid-day trading on Monday, reaching $507.85. The company's stock had a trading volume of 44,875,626 shares, compared to its average volume of 36,547,797. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The business's 50 day simple moving average is $467.78 and its 200 day simple moving average is $499.36. The company has a market capitalization of $318.24 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco QQQ

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.