Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Alta Wealth Advisors LLC

Alta Wealth Advisors LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 110.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,559 shares of the exchange traded fund’s stock after acquiring an additional 3,437 shares during the quarter. Invesco QQQ comprises approximately 1.5% of Alta Wealth Advisors LLC’s investment portfolio, making the stock its 14th biggest position. Alta Wealth Advisors LLC’s holdings in Invesco QQQ were worth $2,686,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQ. Peak Asset Management LLC increased its position in shares of Invesco QQQ by 3.0% during the 4th quarter. Peak Asset Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $3,394,000 after purchasing an additional 238 shares during the last quarter. Eaton Financial Holdings Company LLC increased its position in shares of Invesco QQQ by 7.7% during the 4th quarter. Eaton Financial Holdings Company LLC now owns 12,529 shares of the exchange traded fund’s stock worth $5,131,000 after purchasing an additional 891 shares during the last quarter. Madden Advisory Services Inc. increased its position in shares of Invesco QQQ by 23.1% during the 4th quarter. Madden Advisory Services Inc. now owns 2,519 shares of the exchange traded fund’s stock worth $1,032,000 after purchasing an additional 472 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. increased its position in shares of Invesco QQQ by 10.3% during the 4th quarter. Eubel Brady & Suttman Asset Management Inc. now owns 773 shares of the exchange traded fund’s stock worth $317,000 after purchasing an additional 72 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Invesco QQQ by 6.6% during the 4th quarter. Parallel Advisors LLC now owns 44,419 shares of the exchange traded fund’s stock worth $18,191,000 after purchasing an additional 2,732 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.9 %

Shares of NASDAQ:QQQ traded up $4.29 during midday trading on Monday, reaching $457.95. 29,669,400 shares of the company’s stock were exchanged, compared to its average volume of 43,553,832. The firm’s 50 day simple moving average is $439.25 and its two-hundred day simple moving average is $422.38. Invesco QQQ has a fifty-two week low of $336.67 and a fifty-two week high of $460.58.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were issued a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Monday, March 18th.

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.