Atlas Brown Inc. Increases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Atlas Brown Inc. increased its stake in Invesco QQQ (NASDAQ:QQQ) by 11.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,393 shares of the exchange traded fund’s stock after purchasing an additional 352 shares during the quarter. Atlas Brown Inc.’s holdings in Invesco QQQ were worth $1,389,000 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. 180 Wealth Advisors LLC raised its position in shares of Invesco QQQ by 1.2% in the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after buying an additional 29 shares in the last quarter. Goodwin Daniel L boosted its position in shares of Invesco QQQ by 76.1% during the 3rd quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock valued at $2,069,000 after acquiring an additional 2,495 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after purchasing an additional 243,305 shares in the last quarter. VitalStone Financial LLC increased its holdings in shares of Invesco QQQ by 302.0% in the 3rd quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after buying an additional 16,079 shares during the last quarter. Finally, Scarborough Advisors LLC lifted its holdings in shares of Invesco QQQ by 73.3% during the 3rd quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock worth $492,000 after acquiring an additional 581 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded down $0.82 during trading hours on Friday, reaching $444.01. 36,839,641 shares of the stock traded hands, compared to its average volume of 45,533,704. Invesco QQQ has a 52-week low of $309.89 and a 52-week high of $449.34. The company’s 50-day simple moving average is $434.46 and its two-hundred day simple moving average is $399.97.

Invesco QQQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.52%.

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.