Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Abbrea Capital LLC

Abbrea Capital LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,221 shares of the exchange traded fund’s stock after purchasing an additional 48 shares during the period. Abbrea Capital LLC’s holdings in Invesco QQQ were worth $5,417,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of QQQ. Red Tortoise LLC grew its holdings in Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 74 shares during the period. Friedenthal Financial purchased a new stake in Invesco QQQ during the fourth quarter worth $41,000. Bear Mountain Capital Inc. purchased a new stake in Invesco QQQ during the fourth quarter worth $42,000. Core Wealth Advisors Inc. boosted its position in Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. boosted its position in Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.5 %

QQQ traded up $6.55 during trading on Friday, reaching $431.00. 41,515,988 shares of the stock were exchanged, compared to its average volume of 46,134,520. Invesco QQQ has a 1 year low of $315.05 and a 1 year high of $449.34. The business’s 50 day moving average price is $436.87 and its two-hundred day moving average price is $409.67.

Invesco QQQ Dividend Announcement

The business 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 $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.53%.

Invesco QQQ 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.