Invesco QQQ (NASDAQ:QQQ) Shares Bought by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. lifted its position in Invesco QQQ (NASDAQ:QQQ) by 14.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,199 shares of the exchange traded fund’s stock after buying an additional 395 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Invesco QQQ were worth $1,310,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of QQQ. Sheets Smith Wealth Management boosted its holdings in Invesco QQQ by 3.2% in the fourth quarter. Sheets Smith Wealth Management now owns 24,434 shares of the exchange traded fund’s stock valued at $10,006,000 after purchasing an additional 750 shares during the period. Clearstead Trust LLC grew its position in shares of Invesco QQQ by 5.8% during the fourth quarter. Clearstead Trust LLC now owns 137,247 shares of the exchange traded fund’s stock worth $56,205,000 after buying an additional 7,527 shares in the last quarter. SYM FINANCIAL Corp increased its stake in shares of Invesco QQQ by 5.4% during the fourth quarter. SYM FINANCIAL Corp now owns 1,116 shares of the exchange traded fund’s stock worth $457,000 after buying an additional 57 shares during the period. NTV Asset Management LLC raised its holdings in Invesco QQQ by 1.0% in the fourth quarter. NTV Asset Management LLC now owns 77,619 shares of the exchange traded fund’s stock valued at $31,787,000 after acquiring an additional 753 shares in the last quarter. Finally, Avidian Wealth Solutions LLC lifted its stake in Invesco QQQ by 8.6% in the fourth quarter. Avidian Wealth Solutions LLC now owns 4,574 shares of the exchange traded fund’s stock worth $1,873,000 after acquiring an additional 364 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.0 %

Shares of NASDAQ:QQQ traded up $8.58 on Friday, hitting $435.48. 48,515,252 shares of the company’s stock were exchanged, compared to its average volume of 48,759,256. Invesco QQQ has a 1-year low of $315.11 and a 1-year high of $449.34. The firm’s 50-day moving average is $436.53 and its 200 day moving average is $412.83.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were paid a dividend of $0.5735 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.53%.

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.