TCG Advisory Services LLC Has $6.54 Million Stake in Invesco QQQ (NASDAQ:QQQ)

TCG Advisory Services LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 20.2% during the fourth quarter, HoldingsChannel reports. The firm owned 15,979 shares of the exchange traded fund’s stock after buying an additional 2,683 shares during the period. TCG Advisory Services LLC’s holdings in Invesco QQQ were worth $6,544,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. Red Tortoise LLC lifted its stake in Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the last quarter. Friedenthal Financial bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $41,000. Bear Mountain Capital Inc. bought a new stake in Invesco QQQ during the 4th quarter worth approximately $42,000. Core Wealth Advisors Inc. boosted its holdings in Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares during the period. Finally, Blume Capital Management Inc. increased its holdings in shares of Invesco QQQ by 104.0% in 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 during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ traded up $8.58 during trading on Friday, reaching $435.48. The company’s stock had a trading volume of 48,515,252 shares, compared to its average volume of 48,759,256. The firm has a fifty day moving average of $436.53 and a 200 day moving average of $412.18. Invesco QQQ has a one year low of $315.11 and a one year high of $449.34.

Invesco QQQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were paid a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was 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.