Investment Advisory Group LLC Purchases 57 Shares of Invesco QQQ (NASDAQ:QQQ)

Investment Advisory Group LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,342 shares of the exchange traded fund’s stock after purchasing an additional 57 shares during the quarter. Investment Advisory Group LLC’s holdings in Invesco QQQ were worth $1,778,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Friedenthal Financial purchased a new stake in Invesco QQQ during the 4th quarter valued at about $41,000. Bear Mountain Capital Inc. purchased a new stake in Invesco QQQ during the 4th quarter valued at about $42,000. Russell Investments Group Ltd. purchased a new stake in Invesco QQQ during the 2nd quarter valued at about $44,000. 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 valued at $43,000 after acquiring an additional 30 shares during the period. Finally, Blume Capital Management Inc. boosted its holdings in Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 3,500 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.2 %

NASDAQ QQQ traded up $0.65 on Tuesday, hitting $431.71. The company’s stock had a trading volume of 20,910,908 shares, compared to its average volume of 45,081,129. Invesco QQQ has a 52-week low of $309.89 and a 52-week high of $449.34. The company’s 50-day simple moving average is $438.29 and its 200 day simple moving average is $406.76.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.53%. The ex-dividend date is Monday, March 18th.

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.