Invesco QQQ (NASDAQ:QQQ) is J.W. Cole Advisors Inc.’s 3rd Largest Position

J.W. Cole Advisors Inc. boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 11.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,744 shares of the exchange traded fund’s stock after acquiring an additional 10,311 shares during the period. Invesco QQQ accounts for about 2.5% of J.W. Cole Advisors Inc.’s holdings, making the stock its 3rd biggest position. J.W. Cole Advisors Inc.’s holdings in Invesco QQQ were worth $42,076,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of QQQ. Ironwood Wealth Management LLC. lifted its holdings in shares of Invesco QQQ by 7.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock worth $1,996,000 after acquiring an additional 381 shares during the last quarter. Axiom Financial Strategies LLC lifted its holdings in shares of Invesco QQQ by 11.6% in the 1st quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock worth $255,000 after acquiring an additional 85 shares during the last quarter. Roundview Capital LLC lifted its holdings in shares of Invesco QQQ by 0.9% in the 1st quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock worth $19,332,000 after acquiring an additional 495 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Invesco QQQ by 11.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock worth $997,000 after acquiring an additional 278 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Invesco QQQ by 309.2% in the 1st quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock worth $162,000 after acquiring an additional 337 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.1 %

NASDAQ:QQQ traded down $8.76 during midday trading on Friday, reaching $414.65. 75,140,125 shares of the stock traded hands, compared to its average volume of 46,015,852. The company has a fifty day moving average of $437.60 and a 200 day moving average of $407.88. Invesco QQQ has a 12 month low of $309.89 and a 12 month high of $449.34.

Invesco QQQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.55%.

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.