Gradient Investments LLC Increases Stake in Invesco QQQ (NASDAQ:QQQ)

Gradient Investments LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,123 shares of the exchange traded fund’s stock after acquiring an additional 104 shares during the period. Gradient Investments LLC’s holdings in Invesco QQQ were worth $1,689,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ironwood Wealth Management LLC. grew its position in Invesco QQQ by 7.4% in the first quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock valued at $1,996,000 after acquiring an additional 381 shares in the last quarter. Axiom Financial Strategies LLC increased its stake in shares of Invesco QQQ by 11.6% in the first quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock worth $255,000 after buying an additional 85 shares during the last quarter. Roundview Capital LLC raised its stake in shares of Invesco QQQ by 0.9% in the 1st quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock valued at $19,332,000 after purchasing an additional 495 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Invesco QQQ by 11.2% during the first quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock worth $997,000 after purchasing an additional 278 shares during the last quarter. Finally, Covestor Ltd grew its stake in Invesco QQQ by 309.2% in the first quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock worth $162,000 after purchasing an additional 337 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.2 %

Shares of NASDAQ QQQ traded down $0.82 during midday trading on Friday, hitting $444.01. The company’s stock had a trading volume of 36,839,641 shares, compared to its average volume of 45,533,704. The firm’s fifty day moving average price is $433.84 and its 200-day moving average price is $399.66. Invesco QQQ has a 1-year low of $309.89 and a 1-year high of $449.34.

Invesco QQQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Monday, March 18th.

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.