Foster & Motley Inc. Purchases New Shares in Invesco QQQ Trust (NASDAQ:QQQ)

Foster & Motley Inc. purchased a new stake in shares of Invesco QQQ Trust (NASDAQ:QQQ) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 628 shares of the exchange traded fund’s stock, valued at approximately $257,000.

A number of other large investors have also added to or reduced their stakes in QQQ. GHP Investment Advisors Inc. grew its holdings in Invesco QQQ Trust by 9.4% during the 3rd quarter. GHP Investment Advisors Inc. now owns 3,344 shares of the exchange traded fund’s stock worth $1,222,000 after acquiring an additional 287 shares in the last quarter. Culbertson A N & Co. Inc. grew its holdings in Invesco QQQ Trust by 13.6% during the 3rd quarter. Culbertson A N & Co. Inc. now owns 926 shares of the exchange traded fund’s stock worth $332,000 after acquiring an additional 111 shares in the last quarter. RFG Holdings Inc. grew its holdings in Invesco QQQ Trust by 141.5% during the 3rd quarter. RFG Holdings Inc. now owns 68,057 shares of the exchange traded fund’s stock worth $24,383,000 after acquiring an additional 39,881 shares in the last quarter. Galvin Gaustad & Stein LLC grew its holdings in Invesco QQQ Trust by 45.3% during the 3rd quarter. Galvin Gaustad & Stein LLC now owns 805 shares of the exchange traded fund’s stock worth $288,000 after acquiring an additional 251 shares in the last quarter. Finally, Sparta 24 Ltd. boosted its holdings in shares of Invesco QQQ Trust by 145.8% in the 3rd quarter. Sparta 24 Ltd. now owns 33,740 shares of the exchange traded fund’s stock valued at $12,088,000 after buying an additional 20,016 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trust Stock Up 0.3 %

NASDAQ QQQ opened at $426.51 on Thursday. Invesco QQQ Trust has a one year low of $309.89 and a one year high of $449.34. The company has a 50-day simple moving average of $437.07 and a 200-day simple moving average of $409.56.

Invesco QQQ Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

Invesco QQQ Trust 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.