Invesco QQQ (NASDAQ:QQQ) Stock Position Lifted by Welch & Forbes LLC

Welch & Forbes LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 3.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,055 shares of the exchange traded fund’s stock after buying an additional 239 shares during the period. Welch & Forbes LLC’s holdings in Invesco QQQ were worth $3,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Red Tortoise LLC grew its holdings in shares of Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the last quarter. Friedenthal Financial bought a new position in Invesco QQQ during the 4th quarter worth $41,000. Bear Mountain Capital Inc. acquired a new stake in Invesco QQQ in the fourth quarter worth $42,000. Core Wealth Advisors Inc. lifted its stake in Invesco QQQ by 33.3% in the third 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 during the last quarter. Finally, Blume Capital Management Inc. boosted its holdings in shares of Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 3,500 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.0 %

Shares of QQQ stock traded up $0.07 during trading hours on Tuesday, reaching $440.32. The stock had a trading volume of 30,920,734 shares, compared to its average volume of 45,561,238. The firm has a 50-day simple moving average of $436.66 and a 200-day simple moving average of $414.00. Invesco QQQ has a twelve month low of $321.32 and a twelve month high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were given a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.52%. The ex-dividend date was Monday, March 18th.

About Invesco QQQ

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.