Clearwater Capital Advisors LLC Acquires 27 Shares of Invesco QQQ (NASDAQ:QQQ)

Clearwater Capital Advisors LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 0.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,489 shares of the exchange traded fund’s stock after buying an additional 27 shares during the period. Clearwater Capital Advisors LLC’s holdings in Invesco QQQ were worth $3,067,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 180 Wealth Advisors LLC grew its holdings in Invesco QQQ by 1.2% during the 3rd quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after acquiring an additional 29 shares during the period. Bank Hapoalim BM grew its stake in shares of Invesco QQQ by 6.3% in the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after acquiring an additional 4,549 shares in the last quarter. Aviance Capital Partners LLC grew its position in Invesco QQQ by 29.7% in the 4th quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock worth $1,848,000 after purchasing an additional 1,033 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after acquiring an additional 243,305 shares during the period. Finally, VitalStone Financial LLC boosted its position in Invesco QQQ by 302.0% in the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after purchasing an additional 16,079 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.2 %

Shares of Invesco QQQ stock traded up $0.97 during trading hours on Thursday, hitting $441.03. 20,247,410 shares of the company’s stock traded hands, compared to its average volume of 45,045,695. Invesco QQQ has a 12-month low of $321.60 and a 12-month high of $449.34. The company has a fifty day simple moving average of $436.66 and a 200-day simple moving average of $414.00.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.5735 per share. The ex-dividend date was Monday, March 18th. This represents a $2.29 annualized dividend and a dividend 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.