Bright Financial Advisors Inc. Purchases 55 Shares of Invesco QQQ (NASDAQ:QQQ)

Bright Financial Advisors Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,529 shares of the exchange traded fund’s stock after acquiring an additional 55 shares during the quarter. Invesco QQQ comprises 2.1% of Bright Financial Advisors Inc.’s investment portfolio, making the stock its 14th biggest position. Bright Financial Advisors Inc.’s holdings in Invesco QQQ were worth $3,338,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QQQ. Hoese & Co LLP grew its position in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the last quarter. Legacy Bridge LLC lifted its stake in shares of 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 purchased a new stake in shares of Invesco QQQ during the 3rd quarter worth $62,000. Brooklyn Investment Group purchased a new stake in Invesco QQQ in the fourth quarter valued at about $69,000. Finally, Pacifica Partners Inc. purchased a new stake in Invesco QQQ in the fourth quarter valued at about $73,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.5 %

Invesco QQQ stock opened at $529.60 on Friday. The stock has a 50-day moving average of $521.00 and a two-hundred day moving average of $495.29. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently disclosed 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 was Monday, December 23rd.

Invesco QQQ Company Profile

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.