Colton Groome Financial Advisors LLC Purchases 481 Shares of Invesco QQQ (NASDAQ:QQQ)

Colton Groome Financial Advisors LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,805 shares of the exchange traded fund's stock after purchasing an additional 481 shares during the period. Invesco QQQ accounts for approximately 0.9% of Colton Groome Financial Advisors LLC's holdings, making the stock its 26th largest position. Colton Groome Financial Advisors LLC's holdings in Invesco QQQ were worth $2,457,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of QQQ. GAMMA Investing LLC raised its position in shares of Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock valued at $1,712,000 after purchasing an additional 2,059 shares during the period. Principal Financial Group Inc. raised its holdings in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock valued at $9,468,000 after acquiring an additional 11,351 shares during the period. Socha Financial Group LLC lifted its position in shares of 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 acquiring an additional 2,171 shares in the last quarter. NRI Wealth Management LC bought a new position in shares of Invesco QQQ in the fourth quarter worth about $28,729,000. Finally, Garden State Investment Advisory Services LLC grew its position in shares of 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 worth $15,169,000 after purchasing an additional 3,581 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.1 %

QQQ traded down $0.76 on Friday, hitting $522.29. 38,747,058 shares of the company's stock traded hands, compared to its average volume of 30,541,316. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The company's 50 day simple moving average is $519.55 and its 200-day simple moving average is $494.13.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued 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.