Ibex Wealth Advisors Takes Position in Invesco QQQ (NASDAQ:QQQ)

Ibex Wealth Advisors acquired a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,361 shares of the exchange traded fund's stock, valued at approximately $6,319,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Hoese & Co LLP boosted its holdings in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after purchasing an additional 20 shares during the period. Legacy Bridge LLC raised its position in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas purchased a new stake in shares of Invesco QQQ in the 3rd quarter worth $62,000. Brooklyn Investment Group bought a new position in shares of Invesco QQQ during the 4th quarter worth $69,000. Finally, Ritter Daniher Financial Advisory LLC DE increased its stake in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund's stock valued at $71,000 after buying an additional 63 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.2 %

NASDAQ:QQQ traded up $0.96 during mid-day trading on Thursday, reaching $521.79. The company's stock had a trading volume of 15,596,922 shares, compared to its average volume of 32,944,949. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The stock has a fifty day moving average of $518.86 and a 200-day moving average of $493.75.

Invesco QQQ Announces Dividend

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