Alpha Cubed Investments LLC Has $10.54 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Alpha Cubed Investments LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 25,744 shares of the exchange traded fund’s stock after buying an additional 985 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Invesco QQQ were worth $10,543,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. 180 Wealth Advisors LLC raised its stake in Invesco QQQ by 1.2% in the 3rd quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after purchasing an additional 29 shares in the last quarter. Bank Hapoalim BM raised its stake in Invesco QQQ by 6.3% in the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after purchasing an additional 4,549 shares in the last quarter. Goodwin Daniel L raised its stake in Invesco QQQ by 76.1% in the 3rd quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock worth $2,069,000 after purchasing an additional 2,495 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Invesco QQQ by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after purchasing an additional 243,305 shares in the last quarter. Finally, VitalStone Financial LLC raised its stake in Invesco QQQ by 302.0% in the 3rd quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after purchasing an additional 16,079 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock traded down $8.16 during mid-day trading on Tuesday, hitting $424.59. The stock had a trading volume of 42,556,273 shares, compared to its average volume of 45,909,301. Invesco QQQ has a 52 week low of $315.11 and a 52 week high of $449.34. The firm has a fifty day simple moving average of $436.92 and a 200 day simple moving average of $411.12.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend 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.