3,764 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by TFB Advisors LLC

TFB Advisors LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,764 shares of the exchange traded fund’s stock, valued at approximately $1,542,000.

Several other institutional investors have also recently made changes to their positions in the stock. VisionPoint Advisory Group LLC acquired a new position in shares of Invesco QQQ during the second quarter valued at about $36,000. Core Wealth Advisors Inc. boosted its holdings in Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 30 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Invesco QQQ during the second quarter worth about $44,000. Blume Capital Management Inc. increased its stake in Invesco QQQ by 104.0% in the 3rd 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 during the last quarter. Finally, Buck Wealth Strategies LLC increased its holdings in shares of Invesco QQQ by 71.4% in the 3rd quarter. Buck Wealth Strategies LLC now owns 156 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ traded down $0.82 during trading on Friday, hitting $444.01. 36,839,641 shares of the company’s stock traded hands, compared to its average volume of 45,533,704. Invesco QQQ has a 12-month low of $309.89 and a 12-month high of $449.34. The stock has a fifty day moving average of $434.46 and a two-hundred day moving average of $399.97.

Invesco QQQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given 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 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.