Empower Advisory Group LLC Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Empower Advisory Group LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,793 shares of the exchange traded fund’s stock after purchasing an additional 259 shares during the quarter. Empower Advisory Group LLC’s holdings in Invesco QQQ were worth $9,096,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Stephens Consulting LLC grew its position in shares of Invesco QQQ by 0.4% during the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after buying an additional 19 shares in the last quarter. Northeast Investment Management grew its holdings in Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after acquiring an additional 20 shares in the last quarter. Planning Capital Management Corp increased its position in shares of Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 20 shares during the last quarter. Cardinal Point Capital Management ULC increased its position in shares of Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after purchasing an additional 20 shares during the last quarter. Finally, Hoese & Co LLP raised its holdings in shares of 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 purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.4 %

Shares of QQQ stock opened at $538.15 on Tuesday. The firm has a fifty day moving average price of $522.38 and a 200 day moving average price of $498.34. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15.

Invesco QQQ Announces Dividend

The firm 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 of this dividend 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.