Gradient Investments LLC Grows Holdings in Invesco QQQ (NASDAQ:QQQ)

Gradient Investments LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,123 shares of the exchange traded fund’s stock after purchasing an additional 104 shares during the quarter. Gradient Investments LLC’s holdings in Invesco QQQ were worth $1,689,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IMA Wealth Inc. raised its position in shares of Invesco QQQ by 1.3% during the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after purchasing an additional 25 shares during the period. S.A. Mason LLC boosted its stake in Invesco QQQ by 1.5% in the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after purchasing an additional 25 shares during the period. Lauterbach Financial Advisors LLC raised its stake in Invesco QQQ by 0.4% during the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after purchasing an additional 25 shares during the period. Retirement Guys Formula LLC boosted its position in shares of Invesco QQQ by 1.9% in the third quarter. Retirement Guys Formula LLC now owns 1,502 shares of the exchange traded fund’s stock worth $538,000 after buying an additional 28 shares during the period. Finally, ML & R Wealth Management LLC lifted its stake in Invesco QQQ by 2.9% in the 3rd quarter. ML & R Wealth Management LLC now owns 999 shares of the exchange traded fund’s stock worth $358,000 after acquiring an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ traded down $0.82 on Friday, reaching $444.01. 36,839,641 shares of the company traded hands, compared to its average volume of 45,533,704. The stock’s 50 day moving average price is $433.84 and its 200-day moving average price is $399.66. Invesco QQQ has a 52-week low of $309.89 and a 52-week high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%.

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.