Hudson Valley Investment Advisors Inc. ADV Increases Stake in Invesco QQQ (NASDAQ:QQQ)

Hudson Valley Investment Advisors Inc. ADV boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,115 shares of the exchange traded fund’s stock after purchasing an additional 130 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Invesco QQQ were worth $1,592,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Legacy Bridge LLC lifted its stake in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the period. BNP Paribas purchased a new stake in Invesco QQQ in the third quarter valued at $62,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares during the last quarter. Providence Capital Advisors LLC purchased a new position in shares of Invesco QQQ during the 2nd quarter valued at about $76,000. Finally, Ashton Thomas Securities LLC acquired a new position in Invesco QQQ in the third quarter valued at approximately $91,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.0 %

Shares of Invesco QQQ stock opened at $515.27 on Friday. Invesco QQQ has a fifty-two week low of $401.71 and a fifty-two week high of $539.15. The firm has a 50-day simple moving average of $514.52 and a two-hundred day simple moving average of $490.73.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Company 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.