Welch Group LLC Purchases 98 Shares of Invesco QQQ (NASDAQ:QQQ)

Welch Group LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,744 shares of the exchange traded fund’s stock after buying an additional 98 shares during the period. Welch Group LLC’s holdings in Invesco QQQ were worth $1,930,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in QQQ. Northeast Investment Management raised its position in Invesco QQQ by 0.6% during the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after purchasing an additional 20 shares during the period. Planning Capital Management Corp increased its position in Invesco QQQ by 7.1% during the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after acquiring an additional 20 shares during the last quarter. Cardinal Point Capital Management ULC raised its stake in shares of Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after acquiring an additional 20 shares during the period. Hoese & Co LLP lifted its holdings in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the last quarter. Finally, Skyline Advisors Inc. boosted its stake in shares of Invesco QQQ by 5.0% during the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after purchasing an additional 21 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $518.11 on Tuesday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The company’s 50-day moving average is $519.55 and its 200 day moving average is $494.20.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid 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.