Madison Park Capital Advisors LLC Makes New $4.06 Million Investment in Invesco QQQ (NASDAQ:QQQ)

Madison Park Capital Advisors LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,919 shares of the exchange traded fund’s stock, valued at approximately $4,064,000. Invesco QQQ makes up 3.9% of Madison Park Capital Advisors LLC’s portfolio, making the stock its 11th biggest holding.

Several other large investors have also recently bought and sold shares of the business. International Assets Investment Management LLC increased its position in shares of Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after buying an additional 28,263,426 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Invesco QQQ by 1.2% in the third quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock valued at $1,623,380,000 after buying an additional 52,019 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after buying an additional 243,305 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Invesco QQQ by 5.2% in the third quarter. Commonwealth Equity Services LLC now owns 2,312,133 shares of the exchange traded fund’s stock valued at $828,368,000 after buying an additional 114,095 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Invesco QQQ by 2.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock valued at $663,516,000 after buying an additional 43,000 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.5 %

Shares of QQQ stock traded up $6.25 during mid-day trading on Tuesday, reaching $425.07. The stock had a trading volume of 44,085,762 shares, compared to its average volume of 46,010,473. Invesco QQQ has a 12-month low of $309.89 and a 12-month high of $449.34. The business has a 50-day simple moving average of $437.20 and a 200 day simple moving average of $409.44.

Invesco QQQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

Invesco QQQ Company 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.