Bluesphere Advisors LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

Bluesphere Advisors LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 174.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,485 shares of the exchange traded fund’s stock after buying an additional 1,580 shares during the period. Invesco QQQ comprises approximately 0.6% of Bluesphere Advisors LLC’s holdings, making the stock its 28th largest position. Bluesphere Advisors LLC’s holdings in Invesco QQQ were worth $1,017,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQ. IMA Wealth Inc. grew its position in Invesco QQQ by 1.3% in the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after acquiring an additional 25 shares in the last quarter. S.A. Mason LLC boosted its position in Invesco QQQ by 1.5% in the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after buying an additional 25 shares during the period. Lauterbach Financial Advisors LLC increased its position in shares of Invesco QQQ by 0.4% during the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after acquiring an additional 25 shares during the period. Cedrus LLC raised its stake in shares of Invesco QQQ by 1.7% in the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after acquiring an additional 25 shares in the last quarter. Finally, Waterfront Wealth Inc. boosted its holdings in Invesco QQQ by 3.1% in the fourth quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock valued at $344,000 after purchasing an additional 25 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ traded up $2.16 during trading hours on Monday, hitting $433.16. 17,278,863 shares of the company were exchanged, compared to its average volume of 45,775,203. The company has a 50 day moving average of $436.88 and a two-hundred day moving average of $410.68. Invesco QQQ has a 52-week low of $315.11 and a 52-week high of $449.34.

Invesco QQQ Announces Dividend

The company also recently announced 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 is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.53%.

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.