Grey Fox Wealth Advisors LLC Acquires New Shares in Invesco QQQ (NASDAQ:QQQ)

Grey Fox Wealth Advisors LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 601 shares of the exchange traded fund’s stock, valued at approximately $246,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC bought a new stake in Invesco QQQ during the 2nd quarter valued at $36,000. Core Wealth Advisors Inc. raised its stake in Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 30 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Invesco QQQ during the 2nd quarter valued at $44,000. Blume Capital Management Inc. raised its stake in Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Buck Wealth Strategies LLC raised its stake in Invesco QQQ by 71.4% during the 3rd quarter. Buck Wealth Strategies LLC now owns 156 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1 %

Invesco QQQ stock traded down $0.48 during mid-day trading on Thursday, hitting $444.35. 15,439,444 shares of the company’s stock traded hands, compared to its average volume of 44,614,051. Invesco QQQ has a one year low of $309.89 and a one year high of $449.34. The firm has a 50 day moving average price of $433.08 and a 200 day moving average price of $399.34.

Invesco QQQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Monday, March 18th.

Invesco QQQ 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.