First Command Advisory Services Inc. Purchases 138 Shares of Invesco QQQ (NASDAQ:QQQ)

First Command Advisory Services Inc. raised its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 8.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,809 shares of the exchange traded fund’s stock after purchasing an additional 138 shares during the quarter. First Command Advisory Services Inc.’s holdings in Invesco QQQ were worth $720,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Red Tortoise LLC lifted its position in shares of Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares in the last quarter. Friedenthal Financial purchased a new position in shares of Invesco QQQ during the 4th quarter valued at about $41,000. Bear Mountain Capital Inc. purchased a new position in shares of Invesco QQQ during the 4th quarter valued at about $42,000. Russell Investments Group Ltd. purchased a new position in shares of Invesco QQQ during the 2nd quarter valued at about $44,000. Finally, Core Wealth Advisors Inc. lifted its position in shares of Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 30 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 2.1 %

NASDAQ QQQ traded down $8.76 during trading hours on Friday, reaching $414.65. The company’s stock had a trading volume of 75,230,990 shares, compared to its average volume of 42,307,272. The firm’s 50-day moving average price is $437.60 and its 200-day moving average price is $407.88. Invesco QQQ has a 1 year low of $309.89 and a 1 year high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors 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 yield of 0.55%.

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.

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

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