First City Capital Management Inc. Purchases Shares of 402 Invesco QQQ (NASDAQ:QQQ)

First City Capital Management Inc. acquired a new position in shares of Invesco QQQ (NASDAQ:QQQFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 402 shares of the exchange traded fund’s stock, valued at approximately $206,000.

Several other large investors have also recently added to or reduced their stakes in QQQ. Legacy Bridge LLC grew its position in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares in the last quarter. BNP Paribas bought a new stake in Invesco QQQ in the third quarter worth about $62,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares in the last quarter. Providence Capital Advisors LLC acquired a new position in Invesco QQQ in the second quarter worth approximately $76,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Invesco QQQ during the 3rd quarter valued at $91,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.7 %

Shares of NASDAQ:QQQ traded up $8.72 during midday trading on Friday, reaching $518.95. The company had a trading volume of 16,994,393 shares, compared to its average volume of 26,481,867. The company has a fifty day simple moving average of $512.17 and a two-hundred day simple moving average of $489.54. Invesco QQQ has a 1-year low of $395.34 and a 1-year high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.