Leavell Investment Management Inc. Acquires 636 Shares of Invesco QQQ (NASDAQ:QQQ)

Leavell Investment Management Inc. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,754 shares of the exchange traded fund’s stock after buying an additional 636 shares during the quarter. Leavell Investment Management Inc.’s holdings in Invesco QQQ were worth $10,099,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of QQQ. Fortress Financial Solutions LLC bought a new position in Invesco QQQ in the fourth quarter worth approximately $9,699,000. Towneley Capital Management Inc DE bought a new position in Invesco QQQ in the fourth quarter worth approximately $2,940,000. New Republic Capital LLC bought a new position in Invesco QQQ in the fourth quarter worth approximately $223,000. Weatherly Asset Management L. P. grew its stake in Invesco QQQ by 106.8% in the fourth quarter. Weatherly Asset Management L. P. now owns 4,275 shares of the exchange traded fund’s stock worth $2,186,000 after purchasing an additional 2,208 shares in the last quarter. Finally, Capital Wealth Alliance LLC grew its stake in Invesco QQQ by 58.4% in the fourth quarter. Capital Wealth Alliance LLC now owns 5,577 shares of the exchange traded fund’s stock worth $2,851,000 after purchasing an additional 2,056 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $527.99 on Wednesday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The business’s 50 day moving average is $521.54 and its 200 day moving average is $496.40.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. 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.