Alpha Cubed Investments LLC grew its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,378 shares of the exchange traded fund's stock after purchasing an additional 637 shares during the quarter. Alpha Cubed Investments LLC's holdings in Invesco QQQ were worth $11,440,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Hoese & Co LLP raised its stake in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after buying an additional 20 shares during the period. Legacy Bridge LLC raised its stake in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock worth $59,000 after buying an additional 45 shares during the period. BNP Paribas acquired a new stake in Invesco QQQ during the 3rd quarter worth $62,000. Brooklyn Investment Group acquired a new stake in Invesco QQQ during the 4th quarter worth $69,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its stake in Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund's stock worth $71,000 after buying an additional 63 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Invesco QQQ stock traded up $6.71 during mid-day trading on Wednesday, hitting $531.51. 33,408,762 shares of the company's stock were exchanged, compared to its average volume of 34,387,441. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15. The company's 50 day simple moving average is $516.33 and its 200-day simple moving average is $492.54.
Invesco QQQ Announces Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.
About Invesco QQQ
(
Free Report)
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.
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