Cladis Investment Advisory LLC Raises Stock Position in Invesco QQQ (NASDAQ:QQQ)

Cladis Investment Advisory LLC raised its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,873 shares of the exchange traded fund’s stock after buying an additional 115 shares during the period. Invesco QQQ makes up approximately 1.4% of Cladis Investment Advisory LLC’s holdings, making the stock its 15th largest holding. Cladis Investment Advisory LLC’s holdings in Invesco QQQ were worth $1,586,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bank Hapoalim BM grew its position in shares of Invesco QQQ by 6.3% in the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after purchasing an additional 4,549 shares during the last quarter. Aviance Capital Partners LLC grew its position in shares of Invesco QQQ by 29.7% in the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after purchasing an additional 1,033 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after purchasing an additional 243,305 shares during the last quarter. VitalStone Financial LLC grew its position in shares of Invesco QQQ by 302.0% in the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after purchasing an additional 16,079 shares during the last quarter. Finally, Scarborough Advisors LLC boosted its position in Invesco QQQ by 73.3% during the third quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock worth $492,000 after acquiring an additional 581 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.1 %

NASDAQ QQQ traded down $0.41 during mid-day trading on Friday, reaching $462.96. 25,829,720 shares of the stock were exchanged, compared to its average volume of 29,756,454. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $465.74. The business’s fifty day simple moving average is $442.06 and its 200 day simple moving average is $427.03.

Invesco QQQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were issued a $0.5735 dividend. The ex-dividend date was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.50%.

Invesco QQQ Profile

(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.

Further Reading

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

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