Invesco QQQ $QQQ Position Lifted by Investment Advisory Services Inc. TX ADV

Investment Advisory Services Inc. TX ADV raised its position in Invesco QQQ (NASDAQ:QQQFree Report) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 53,015 shares of the exchange traded fund’s stock after buying an additional 1,011 shares during the period. Invesco QQQ comprises about 10.0% of Investment Advisory Services Inc. TX ADV’s portfolio, making the stock its 2nd largest holding. Investment Advisory Services Inc. TX ADV’s holdings in Invesco QQQ were worth $31,829,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in QQQ. Brighton Jones LLC increased its position in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Invesco QQQ during the first quarter worth $1,694,000. Great Lakes Advisors LLC raised its position in shares of Invesco QQQ by 50.5% in the first quarter. Great Lakes Advisors LLC now owns 4,558 shares of the exchange traded fund’s stock valued at $2,137,000 after buying an additional 1,530 shares during the last quarter. Finally, Ascent Group LLC lifted its stake in shares of Invesco QQQ by 10.9% in the first quarter. Ascent Group LLC now owns 1,566 shares of the exchange traded fund’s stock worth $735,000 after buying an additional 154 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Up 1.0%

Shares of NASDAQ QQQ opened at $623.86 on Wednesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The company has a 50-day moving average of $616.39 and a 200 day moving average of $591.63.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a dividend of $0.7941 per share. The ex-dividend date was Monday, December 22nd. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69.

Invesco QQQ Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.