10,500 Shares in Invesco QQQ (NASDAQ:QQQ) Purchased by Equitec Proprietary Markets LLC

Equitec Proprietary Markets LLC bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,500 shares of the exchange traded fund's stock, valued at approximately $4,300,000. Invesco QQQ makes up about 3.2% of Equitec Proprietary Markets LLC's portfolio, making the stock its 7th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Center for Financial Planning Inc. grew its position in shares of Invesco QQQ by 33.1% during the fourth quarter. Center for Financial Planning Inc. now owns 1,037 shares of the exchange traded fund's stock worth $425,000 after purchasing an additional 258 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. grew its holdings in Invesco QQQ by 17.3% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,358 shares of the exchange traded fund's stock valued at $3,013,000 after buying an additional 1,085 shares in the last quarter. Granite Bay Wealth Management LLC raised its position in shares of Invesco QQQ by 47.1% during the fourth quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund's stock valued at $451,075,000 after buying an additional 378,922 shares during the last quarter. Capital Advisors Inc. OK lifted its holdings in shares of Invesco QQQ by 5.1% in the fourth quarter. Capital Advisors Inc. OK now owns 9,933 shares of the exchange traded fund's stock worth $4,068,000 after buying an additional 481 shares in the last quarter. Finally, Brooklyn FI LLC boosted its position in shares of Invesco QQQ by 4.3% during the fourth quarter. Brooklyn FI LLC now owns 675 shares of the exchange traded fund's stock worth $276,000 after acquiring an additional 28 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ traded down $7.10 on Friday, reaching $438.27. The company had a trading volume of 53,664,995 shares, compared to its average volume of 41,218,740. Invesco QQQ has a 12 month low of $309.89 and a 12 month high of $449.34. The firm's 50 day moving average price is $438.24 and its 200 day moving average price is $405.89.

Invesco QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%.

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.