Zhang Financial LLC Has $1.79 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Zhang Financial LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,372 shares of the exchange traded fund’s stock after selling 310 shares during the period. Zhang Financial LLC’s holdings in Invesco QQQ were worth $1,790,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. Moneta Group Investment Advisors LLC boosted its holdings in Invesco QQQ by 156,045.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after buying an additional 43,463,232 shares during the period. International Assets Investment Management LLC boosted its holdings in Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after buying an additional 28,263,426 shares during the period. Morgan Stanley boosted its holdings in Invesco QQQ by 10.0% in the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after buying an additional 1,533,114 shares during the period. Barclays PLC boosted its holdings in Invesco QQQ by 113.5% in the 2nd quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock worth $2,134,368,000 after buying an additional 48,423,350 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Invesco QQQ by 1.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after buying an additional 52,019 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.8 %

QQQ traded down $7.47 on Friday, hitting $415.94. The company’s stock had a trading volume of 48,828,368 shares, compared to its average volume of 45,632,383. The company’s 50 day simple moving average is $438.05 and its 200-day simple moving average is $407.51. Invesco QQQ has a 12 month low of $309.89 and a 12 month high of $449.34.

Invesco QQQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Monday, March 18th.

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.