Fiduciary Alliance LLC Purchases 1,253 Shares of Invesco QQQ (NASDAQ:QQQ)

Fiduciary Alliance LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 9.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,342 shares of the exchange traded fund’s stock after purchasing an additional 1,253 shares during the period. Fiduciary Alliance LLC’s holdings in Invesco QQQ were worth $7,332,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Bridge LLC boosted its holdings in Invesco QQQ by 60.0% in the third 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 last quarter. BNP Paribas acquired a new position in Invesco QQQ in the third quarter valued at approximately $62,000. Ritter Daniher Financial Advisory LLC DE lifted its stake 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 buying an additional 63 shares during the period. Providence Capital Advisors LLC acquired a new position in Invesco QQQ in the second quarter valued at approximately $76,000. Finally, Ashton Thomas Securities LLC acquired a new position in Invesco QQQ in the third quarter valued at approximately $91,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded down $6.10 during trading on Monday, reaching $501.09. 8,167,112 shares of the stock were exchanged, compared to its average volume of 30,794,307. The stock has a fifty day moving average of $514.92 and a two-hundred day moving average of $491.12. Invesco QQQ has a 1-year low of $402.92 and a 1-year high of $539.15.

Invesco QQQ Dividend Announcement

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