Wealth Alliance Has $527,000 Stock Position in Invesco QQQ (NASDAQ:QQQ)

Wealth Alliance grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,286 shares of the exchange traded fund’s stock after purchasing an additional 71 shares during the quarter. Wealth Alliance’s holdings in Invesco QQQ were worth $527,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Friedenthal Financial acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $41,000. Bear Mountain Capital Inc. acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $42,000. Core Wealth Advisors Inc. increased its holdings in shares of Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 30 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $44,000. Finally, Blume Capital Management Inc. increased its holdings in shares of Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $425.84 on Thursday. The business’s 50 day simple moving average is $438.24 and its 200 day simple moving average is $407.40. Invesco QQQ has a 1-year low of $309.89 and a 1-year high of $449.34.

Invesco QQQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%. 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.