WP Advisors LLC Acquires New Stake in Invesco QQQ (NASDAQ:QQQ)

WP Advisors LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 646 shares of the exchange traded fund’s stock, valued at approximately $265,000.

Other hedge funds have also bought and sold shares of the company. 180 Wealth Advisors LLC grew its holdings in Invesco QQQ by 1.2% during the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock valued at $870,000 after purchasing an additional 29 shares during the period. Bank Hapoalim BM boosted its stake in shares of Invesco QQQ by 6.3% in the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after acquiring an additional 4,549 shares during the period. Goodwin Daniel L boosted its stake in shares of Invesco QQQ by 76.1% in the third quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock worth $2,069,000 after acquiring an additional 2,495 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after acquiring an additional 243,305 shares during the period. Finally, VitalStone Financial LLC boosted its stake in shares of Invesco QQQ by 302.0% in the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after acquiring an additional 16,079 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded down $8.76 during mid-day trading on Friday, reaching $414.65. The company’s stock had a trading volume of 75,230,990 shares, compared to its average volume of 42,307,272. The stock has a fifty day moving average of $437.60 and a two-hundred day moving average of $407.88. Invesco QQQ has a 52 week low of $309.89 and a 52 week high of $449.34.

Invesco QQQ Announces Dividend

The firm 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 0.55%. The ex-dividend date of this dividend is Monday, March 18th.

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.