ZWJ Investment Counsel Inc. Invests $437,000 in Invesco QQQ (NASDAQ:QQQ)

ZWJ Investment Counsel Inc. bought a new position in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,068 shares of the exchange traded fund’s stock, valued at approximately $437,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. IMA Wealth Inc. boosted 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 valued at $695,000 after buying an additional 25 shares during the period. S.A. Mason LLC increased its stake in Invesco QQQ by 1.5% in the fourth 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 grew its holdings 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 worth $2,296,000 after acquiring an additional 25 shares in the last quarter. Cedrus LLC increased its position in Invesco QQQ by 1.7% during the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after purchasing an additional 25 shares during the period. Finally, Waterfront Wealth Inc. raised its holdings in shares of Invesco QQQ by 3.1% in the 4th quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock valued at $344,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded down $8.76 during midday trading on Friday, reaching $414.65. 75,230,990 shares of the company’s stock traded hands, compared to its average volume of 42,307,272. The stock’s 50 day simple moving average is $437.60 and its 200-day simple moving average is $407.88. Invesco QQQ has a one year low of $309.89 and a one year high of $449.34.

Invesco QQQ Announces Dividend

The business 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 $0.5735 dividend. 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 0.55%.

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.