Gilliland Jeter Wealth Management LLC Takes $542,000 Position in Invesco QQQ (NASDAQ:QQQ)

Gilliland Jeter Wealth Management LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,324 shares of the exchange traded fund’s stock, valued at approximately $542,000.

Other large investors have also recently added to or reduced their stakes in the company. TFG Advisers LLC lifted its position in Invesco QQQ by 25.2% in the 3rd quarter. TFG Advisers LLC now owns 978 shares of the exchange traded fund’s stock worth $350,000 after buying an additional 197 shares in the last quarter. Investment Advisory Services Inc. TX ADV lifted its position in Invesco QQQ by 4.6% in the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 46,791 shares of the exchange traded fund’s stock worth $16,764,000 after buying an additional 2,052 shares in the last quarter. Oak Harbor Wealth Partners LLC lifted its position in Invesco QQQ by 9.3% in the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 14,357 shares of the exchange traded fund’s stock worth $5,144,000 after buying an additional 1,221 shares in the last quarter. Walkner Condon Financial Advisors LLC lifted its stake in shares of Invesco QQQ by 7.2% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 2,610 shares of the exchange traded fund’s stock valued at $935,000 after purchasing an additional 175 shares during the last quarter. Finally, MCF Advisors LLC lifted its stake in shares of Invesco QQQ by 5.8% in the 3rd quarter. MCF Advisors LLC now owns 7,029 shares of the exchange traded fund’s stock valued at $2,519,000 after purchasing an additional 383 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 1.5 %

Shares of QQQ stock traded up $6.55 on Friday, hitting $431.00. The company’s stock had a trading volume of 41,874,907 shares, compared to its average volume of 47,550,872. Invesco QQQ has a fifty-two week low of $315.05 and a fifty-two week high of $449.34. The firm’s fifty day moving average price is $436.88 and its 200-day moving average price is $410.11.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Monday, March 18th.

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.