Private Advisory Group LLC Has $43.02 Million Stake in Invesco QQQ $QQQ

Private Advisory Group LLC grew its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 2.7% during the fourth quarter, Holdings Channel reports. The firm owned 70,034 shares of the exchange traded fund’s stock after acquiring an additional 1,818 shares during the quarter. Invesco QQQ comprises about 3.4% of Private Advisory Group LLC’s holdings, making the stock its 5th largest position. Private Advisory Group LLC’s holdings in Invesco QQQ were worth $43,022,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sherman Wealth Management LLC acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $1,036,000. ORG Partners LLC grew its position in shares of Invesco QQQ by 6.8% during the 4th quarter. ORG Partners LLC now owns 1,167 shares of the exchange traded fund’s stock worth $717,000 after buying an additional 74 shares during the period. Global View Capital Management LLC grew its position in shares of Invesco QQQ by 22.2% during the 4th quarter. Global View Capital Management LLC now owns 1,638 shares of the exchange traded fund’s stock worth $1,006,000 after buying an additional 298 shares during the period. AA Financial Advisors LLC increased its stake in shares of Invesco QQQ by 2.8% in the 4th quarter. AA Financial Advisors LLC now owns 5,643 shares of the exchange traded fund’s stock valued at $3,466,000 after acquiring an additional 152 shares in the last quarter. Finally, Lantz Financial LLC increased its stake in shares of Invesco QQQ by 2.9% in the 4th quarter. Lantz Financial LLC now owns 1,406 shares of the exchange traded fund’s stock valued at $864,000 after acquiring an additional 40 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Trading Down 0.8%

Invesco QQQ stock opened at $558.28 on Tuesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The firm’s fifty day moving average is $604.81 and its 200 day moving average is $609.63.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd.

About Invesco QQQ

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.