Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Altfest L J & Co. Inc.

Altfest L J & Co. Inc. lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1,139.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,288 shares of the exchange traded fund’s stock after buying an additional 38,875 shares during the period. Invesco QQQ makes up about 2.5% of Altfest L J & Co. Inc.’s holdings, making the stock its 9th biggest holding. Altfest L J & Co. Inc.’s holdings in Invesco QQQ were worth $17,318,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. IMA Wealth Inc. raised its holdings in shares of Invesco QQQ by 1.3% during the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after purchasing an additional 25 shares in the last quarter. S.A. Mason LLC raised its holdings in Invesco QQQ by 1.5% in the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after acquiring an additional 25 shares during the period. Retirement Guys Formula LLC raised its holdings in Invesco QQQ by 1.9% in the 3rd quarter. Retirement Guys Formula LLC now owns 1,502 shares of the exchange traded fund’s stock worth $538,000 after acquiring an additional 28 shares during the period. ML & R Wealth Management LLC raised its holdings in Invesco QQQ by 2.9% in the 3rd quarter. ML & R Wealth Management LLC now owns 999 shares of the exchange traded fund’s stock worth $358,000 after acquiring an additional 28 shares during the period. Finally, Nemes Rush Group LLC raised its holdings in Invesco QQQ by 5.1% in the 3rd quarter. Nemes Rush Group LLC now owns 581 shares of the exchange traded fund’s stock worth $208,000 after acquiring an additional 28 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ QQQ traded down $0.49 during midday trading on Wednesday, hitting $442.83. The company had a trading volume of 20,459,015 shares, compared to its average volume of 44,767,199. The firm has a fifty day simple moving average of $432.41 and a two-hundred day simple moving average of $398.85. Invesco QQQ has a fifty-two week low of $304.77 and a fifty-two week high of $449.34.

Invesco QQQ Dividend Announcement

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

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.