SignalPoint Asset Management LLC Buys 86 Shares of Invesco QQQ (NASDAQ:QQQ)

SignalPoint Asset Management LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,208 shares of the exchange traded fund’s stock after acquiring an additional 86 shares during the quarter. Invesco QQQ comprises approximately 0.9% of SignalPoint Asset Management LLC’s holdings, making the stock its 26th largest holding. SignalPoint Asset Management LLC’s holdings in Invesco QQQ were worth $2,951,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. 180 Wealth Advisors LLC increased its position in Invesco QQQ by 1.2% during the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after acquiring an additional 29 shares during the period. Goodwin Daniel L increased its holdings 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 valued at $2,069,000 after buying an additional 2,495 shares during the period. Ameriprise Financial Inc. increased its holdings 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 valued at $1,530,696,000 after buying an additional 243,305 shares during the period. Cornerstone Advisors LLC increased its holdings in Invesco QQQ by 36.7% in the 2nd quarter. Cornerstone Advisors LLC now owns 108,000 shares of the exchange traded fund’s stock valued at $39,897,000 after buying an additional 29,000 shares during the period. Finally, Scarborough Advisors LLC increased its holdings in Invesco QQQ by 73.3% in the 3rd quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock valued at $492,000 after buying an additional 581 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.3 %

Invesco QQQ stock traded down $1.44 on Tuesday, hitting $443.32. The company’s stock had a trading volume of 33,520,385 shares, compared to its average volume of 45,187,645. The company has a fifty day moving average price of $432.41 and a 200-day moving average price of $398.85. Invesco QQQ has a one year low of $304.77 and a one year high of $449.34.

Invesco QQQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Monday, March 18th.

About Invesco QQQ

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.