Dumont & Blake Investment Advisors LLC Has $19.11 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Dumont & Blake Investment Advisors LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 37,380 shares of the exchange traded fund’s stock after selling 569 shares during the period. Invesco QQQ accounts for approximately 5.1% of Dumont & Blake Investment Advisors LLC’s holdings, making the stock its 2nd largest position. Dumont & Blake Investment Advisors LLC’s holdings in Invesco QQQ were worth $19,110,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hoese & Co LLP raised its position in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the last quarter. Legacy Bridge LLC raised its holdings in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the last quarter. BNP Paribas bought a new position in Invesco QQQ during the 3rd quarter worth approximately $62,000. Brooklyn Investment Group bought a new position in Invesco QQQ during the 4th quarter worth approximately $69,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its holdings in Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.4 %

NASDAQ:QQQ opened at $523.05 on Friday. The company has a fifty day moving average of $518.86 and a 200-day moving average of $493.75. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco QQQ

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.