Mitchell Mcleod Pugh & Williams Inc. Acquires 137 Shares of Invesco QQQ (NASDAQ:QQQ)

Mitchell Mcleod Pugh & Williams Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.4% during the 4th quarter, Holdings Channel reports. The firm owned 5,908 shares of the exchange traded fund’s stock after buying an additional 137 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Invesco QQQ were worth $3,020,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in QQQ. Legacy Bridge LLC boosted its holdings in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the period. BNP Paribas bought a new stake in shares of Invesco QQQ during the 3rd quarter worth approximately $62,000. Brooklyn Investment Group acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $69,000. Ritter Daniher Financial Advisory LLC DE increased its stake in Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 63 shares during the last quarter. Finally, Pacifica Partners Inc. acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $73,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.7 %

Shares of QQQ opened at $521.74 on Tuesday. Invesco QQQ has a 52-week low of $409.16 and a 52-week high of $539.15. The business’s fifty day moving average is $515.94 and its 200-day moving average is $492.12.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

Invesco QQQ Company 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.