Grey Fox Wealth Advisors LLC Purchases Shares of 601 Invesco QQQ (NASDAQ:QQQ)

Grey Fox Wealth Advisors LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 601 shares of the exchange traded fund’s stock, valued at approximately $246,000.

Several other hedge funds have also modified their holdings of QQQ. Ironwood Wealth Management LLC. increased its holdings in shares of Invesco QQQ by 7.4% during the first quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock valued at $1,996,000 after acquiring an additional 381 shares in the last quarter. Axiom Financial Strategies LLC increased its holdings in shares of Invesco QQQ by 11.6% during the first quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock valued at $255,000 after acquiring an additional 85 shares in the last quarter. Roundview Capital LLC increased its holdings in shares of Invesco QQQ by 0.9% during the first quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock valued at $19,332,000 after acquiring an additional 495 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Invesco QQQ by 11.2% during the first quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock valued at $997,000 after acquiring an additional 278 shares in the last quarter. Finally, Covestor Ltd increased its holdings in Invesco QQQ by 309.2% in the 1st quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock worth $162,000 after buying an additional 337 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ traded down $0.48 during midday trading on Thursday, hitting $444.35. The company’s stock had a trading volume of 15,439,444 shares, compared to its average volume of 44,614,051. Invesco QQQ has a fifty-two week low of $309.89 and a fifty-two week high of $449.34. The firm’s 50 day moving average is $433.08 and its 200-day moving average is $399.34.

Invesco QQQ Announces Dividend

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

Invesco QQQ Company 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.