Client 1ST Advisory Group LLC Takes Position in Invesco QQQ (NASDAQ:QQQ)

Client 1ST Advisory Group LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,039 shares of the exchange traded fund’s stock, valued at approximately $531,000.

Several other large investors also recently added to or reduced their stakes in the business. Legacy Bridge LLC boosted its stake in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas bought a new position in Invesco QQQ in the 3rd quarter worth $62,000. Brooklyn Investment Group purchased a new position in Invesco QQQ during the fourth quarter valued at $69,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in Invesco QQQ by 75.9% during 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 purchasing an additional 63 shares during the period. Finally, Pacifica Partners Inc. purchased a new stake in Invesco QQQ in the fourth quarter worth about $73,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 1.7 %

NASDAQ QQQ opened at $521.74 on Monday. The stock’s 50-day moving average price is $515.94 and its 200-day moving average price is $492.11. Invesco QQQ has a 52 week low of $409.16 and a 52 week high of $539.15.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders 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 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.