Patton Albertson Miller Group LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

Patton Albertson Miller Group LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 487.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,034 shares of the exchange traded fund’s stock after acquiring an additional 3,347 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Invesco QQQ were worth $2,062,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Jacksonville Wealth Management LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $9,119,000. Stewardship Advisors LLC grew its holdings in Invesco QQQ by 15.2% during the fourth quarter. Stewardship Advisors LLC now owns 2,948 shares of the exchange traded fund’s stock valued at $1,507,000 after purchasing an additional 390 shares during the period. B.O.S.S. Retirement Advisors LLC increased its position in Invesco QQQ by 507.8% in the fourth quarter. B.O.S.S. Retirement Advisors LLC now owns 3,659 shares of the exchange traded fund’s stock worth $1,871,000 after buying an additional 3,057 shares during the last quarter. First Bancorp Inc ME raised its stake in shares of Invesco QQQ by 5.3% in the fourth quarter. First Bancorp Inc ME now owns 960 shares of the exchange traded fund’s stock valued at $491,000 after buying an additional 48 shares during the period. Finally, Grange Capital LLC bought a new stake in shares of Invesco QQQ in the fourth quarter valued at $1,971,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.6 %

QQQ stock opened at $529.63 on Friday. The stock has a fifty day moving average of $517.86 and a 200-day moving average of $493.31. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently announced 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 was Monday, December 23rd.

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.