Balanced Wealth Group LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 76,361 shares of the exchange traded fund's stock, valued at approximately $31,271,000. Invesco QQQ accounts for about 16.3% of Balanced Wealth Group LLC's portfolio, making the stock its biggest position.
Other institutional investors have also recently made changes to their positions in the company. Patrick M Sweeney & Associates Inc. purchased a new stake in Invesco QQQ in the fourth quarter worth $1,585,000. Sovereign Financial Group Inc. lifted its holdings in Invesco QQQ by 34.2% during the 4th quarter. Sovereign Financial Group Inc. now owns 32,362 shares of the exchange traded fund's stock valued at $13,253,000 after buying an additional 8,251 shares in the last quarter. Sage Investment Advisers LLC boosted its position in Invesco QQQ by 41.9% in the 4th quarter. Sage Investment Advisers LLC now owns 4,541 shares of the exchange traded fund's stock valued at $1,859,000 after buying an additional 1,341 shares during the period. Charles Schwab Investment Advisory Inc. grew its stake in Invesco QQQ by 15.6% in the 4th quarter. Charles Schwab Investment Advisory Inc. now owns 4,673 shares of the exchange traded fund's stock worth $1,914,000 after acquiring an additional 631 shares in the last quarter. Finally, Aviance Capital Partners LLC increased its position in shares of Invesco QQQ by 29.7% during the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund's stock worth $1,848,000 after acquiring an additional 1,033 shares during the period. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of Invesco QQQ stock traded down $0.26 on Wednesday, hitting $440.06. 24,685,057 shares of the company traded hands, compared to its average volume of 45,329,430. The stock's 50 day moving average price is $436.66 and its 200-day moving average price is $414.00. Invesco QQQ has a 52 week low of $321.32 and a 52 week high of $449.34.
Invesco QQQ Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Monday, March 18th.
Invesco QQQ Company Profile
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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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