Invesco QQQ (NASDAQ:QQQ) Stock Position Increased by Procyon Advisors LLC

Procyon Advisors LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,095 shares of the exchange traded fund’s stock after buying an additional 144 shares during the quarter. Procyon Advisors LLC’s holdings in Invesco QQQ were worth $1,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. VisionPoint Advisory Group LLC bought a new stake in shares of Invesco QQQ in the 2nd quarter worth approximately $36,000. Core Wealth Advisors Inc. raised its holdings in shares of Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 30 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Invesco QQQ in the second quarter worth approximately $44,000. Blume Capital Management Inc. increased its position 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 acquiring an additional 3,500 shares in the last quarter. Finally, Buck Wealth Strategies LLC increased its position in shares of Invesco QQQ by 71.4% in the third quarter. Buck Wealth Strategies LLC now owns 156 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 65 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded down $0.50 during trading on Thursday, hitting $444.33. The stock had a trading volume of 6,418,333 shares, compared to its average volume of 44,467,598. The stock has a 50 day simple moving average of $433.08 and a 200 day simple moving average of $399.34. Invesco QQQ has a 1 year low of $309.89 and a 1 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 given 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.

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.