ARS Wealth Advisors Group LLC Grows Position in Invesco QQQ (NASDAQ:QQQ)

ARS Wealth Advisors Group LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,559 shares of the exchange traded fund’s stock after purchasing an additional 250 shares during the quarter. ARS Wealth Advisors Group LLC’s holdings in Invesco QQQ were worth $639,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares in the last quarter. Comerica Bank purchased a new stake in shares of Invesco QQQ during the third quarter worth about $140,657,000. Granite Bay Wealth Management LLC boosted its holdings in Invesco QQQ by 47.1% in the fourth quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock valued at $451,075,000 after purchasing an additional 378,922 shares during the last quarter. CHURCHILL MANAGEMENT Corp increased its holdings in Invesco QQQ by 36.3% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock worth $578,680,000 after purchasing an additional 376,661 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of Invesco QQQ by 77.2% during the 4th quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock valued at $345,182,000 after buying an additional 367,317 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.0 %

Shares of NASDAQ:QQQ traded up $8.58 during midday trading on Friday, reaching $435.48. The company had a trading volume of 48,515,252 shares, compared to its average volume of 48,759,256. The stock’s fifty day moving average price is $436.53 and its 200-day moving average price is $412.18. Invesco QQQ has a one year low of $315.11 and a one year high of $449.34.

Invesco QQQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were paid a $0.5735 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.53%.

About Invesco QQQ

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.