Bogart Wealth LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

Bogart Wealth LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 1.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,033 shares of the exchange traded fund’s stock after acquiring an additional 247 shares during the period. Bogart Wealth LLC’s holdings in Invesco QQQ were worth $9,432,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. 180 Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 1.2% during the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock valued at $870,000 after acquiring an additional 29 shares during the last quarter. Bank Hapoalim BM raised its stake in shares of Invesco QQQ by 6.3% during the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after acquiring an additional 4,549 shares during the last quarter. Aviance Capital Partners LLC raised its stake in shares of Invesco QQQ by 29.7% during the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after acquiring an additional 1,033 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Invesco QQQ by 6.1% in 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 buying an additional 243,305 shares in the last quarter. Finally, VitalStone Financial LLC raised its stake 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 buying an additional 16,079 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ stock traded down $0.42 during trading on Thursday, reaching $439.64. The company had a trading volume of 6,261,174 shares, compared to its average volume of 44,880,988. Invesco QQQ has a 52 week low of $321.60 and a 52 week high of $449.34. The business has a 50 day moving average of $436.66 and a 200 day moving average of $414.00.

Invesco QQQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.5735 per share. The ex-dividend date of this dividend 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.