Capital Investment Advisory Services LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,673 shares of the exchange traded fund's stock after buying an additional 2,246 shares during the period. Capital Investment Advisory Services LLC's holdings in Invesco QQQ were worth $6,418,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Red Tortoise LLC lifted its stake in shares of Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund's stock valued at $39,000 after purchasing an additional 74 shares during the period. Friedenthal Financial acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $41,000. Bear Mountain Capital Inc. acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $42,000. Core Wealth Advisors Inc. lifted its stake in shares of Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund's stock valued at $43,000 after purchasing an additional 30 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at about $44,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Down 2.1 %
Shares of NASDAQ:QQQ traded down $8.76 during midday trading on Friday, reaching $414.65. The company's stock had a trading volume of 75,230,990 shares, compared to its average volume of 42,307,272. The firm has a 50 day moving average price of $437.60 and a two-hundred day moving average price of $408.60. Invesco QQQ has a fifty-two week low of $309.89 and a fifty-two week high of $449.34.
Invesco QQQ Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Monday, March 18th.
About Invesco QQQ
(
Free Report)
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.
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