Dumont & Blake Investment Advisors LLC Has $19.11 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Dumont & Blake Investment Advisors LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 37,380 shares of the exchange traded fund's stock after selling 569 shares during the period. Invesco QQQ accounts for 5.1% of Dumont & Blake Investment Advisors LLC's investment portfolio, making the stock its 2nd largest position. Dumont & Blake Investment Advisors LLC's holdings in Invesco QQQ were worth $19,110,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in QQQ. GAMMA Investing LLC raised its holdings in shares of Invesco QQQ by 159.6% in the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock valued at $1,712,000 after acquiring an additional 2,059 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock worth $9,468,000 after purchasing an additional 11,351 shares during the last quarter. Socha Financial Group LLC raised its stake in Invesco QQQ by 2.4% in the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund's stock valued at $44,732,000 after purchasing an additional 2,171 shares in the last quarter. NRI Wealth Management LC purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $28,729,000. Finally, Garden State Investment Advisory Services LLC lifted its position in Invesco QQQ by 13.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund's stock valued at $15,169,000 after purchasing an additional 3,581 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded down $0.76 during trading on Friday, reaching $522.29. The company had a trading volume of 38,747,058 shares, compared to its average volume of 30,541,316. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The company has a fifty day moving average of $519.55 and a two-hundred day moving average of $494.13.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.