Investment Advisory Group LLC Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

Investment Advisory Group LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 5.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,498 shares of the exchange traded fund’s stock after acquiring an additional 260 shares during the quarter. Invesco QQQ comprises 0.9% of Investment Advisory Group LLC’s investment portfolio, making the stock its 26th largest holding. Investment Advisory Group LLC’s holdings in Invesco QQQ were worth $2,811,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. Hoese & Co LLP grew its position in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. Legacy Bridge LLC boosted its stake in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. BNP Paribas purchased a new position in Invesco QQQ during the 3rd quarter valued at about $62,000. Brooklyn Investment Group bought a new stake in shares of Invesco QQQ during the fourth quarter valued at about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of 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 worth $71,000 after buying an additional 63 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $531.51 on Thursday. The firm has a 50 day moving average of $516.33 and a 200-day moving average of $492.54. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15.

Invesco QQQ Announces Dividend

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