Invesco QQQ (NASDAQ:QQQ) Stock Holdings Raised by Elevation Capital Advisory LLC

Elevation Capital Advisory LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 149.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,455 shares of the exchange traded fund’s stock after purchasing an additional 18,262 shares during the period. Invesco QQQ comprises 6.7% of Elevation Capital Advisory LLC’s investment portfolio, making the stock its 3rd largest position. Elevation Capital Advisory LLC’s holdings in Invesco QQQ were worth $15,570,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stephens Consulting LLC boosted its position in Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock valued at $2,769,000 after buying an additional 19 shares during the period. Planning Capital Management Corp boosted its position in 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 buying an additional 20 shares during the period. Cardinal Point Capital Management ULC boosted its position in 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 buying an additional 20 shares during the period. Hoese & Co LLP boosted 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 buying an additional 20 shares during the period. Finally, Farmers & Merchants Investments Inc. boosted its position in Invesco QQQ by 1.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $488.20 on Friday. The stock has a market cap of $307.69 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The firm has a 50-day moving average of $519.46 and a two-hundred day moving average of $503.75.

Invesco QQQ Announces Dividend

The firm also recently declared 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.

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.