SageView Advisory Group LLC Buys Shares of 25,373 Invesco QQQ (NASDAQ:QQQ)

SageView Advisory Group LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, HoldingsChannel reports. The fund bought 25,373 shares of the exchange traded fund’s stock, valued at approximately $10,791,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. Red Tortoise LLC lifted its holdings in shares of Invesco QQQ by 370.0% in 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 in the last quarter. Friedenthal Financial bought a new stake in shares of Invesco QQQ in the fourth quarter valued at about $41,000. Robinson Capital Management LLC bought a new stake in shares of Invesco QQQ in the fourth quarter valued at about $40,000. Bear Mountain Capital Inc. bought a new stake in shares of Invesco QQQ in the fourth quarter valued at about $42,000. Finally, Core Wealth Advisors Inc. lifted its holdings in shares of 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 purchasing an additional 30 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded down $2.05 during trading on Thursday, reaching $453.66. The stock had a trading volume of 40,221,329 shares, compared to its average volume of 43,656,953. The stock has a fifty day moving average price of $438.48 and a two-hundred day moving average price of $420.84. Invesco QQQ has a 52 week low of $329.56 and a 52 week high of $460.58.

Invesco QQQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were issued a dividend of $0.5735 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.51%.

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.