Tucker Asset Management LLC Purchases 3,903 Shares of Invesco QQQ (NASDAQ:QQQ)

Tucker Asset Management LLC grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,682 shares of the exchange traded fund's stock after acquiring an additional 3,903 shares during the quarter. Invesco QQQ comprises approximately 3.7% of Tucker Asset Management LLC's portfolio, making the stock its 4th biggest position. Tucker Asset Management LLC's holdings in Invesco QQQ were worth $35,112,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Valley Forge Investment Consultants Inc. ADV boosted its position in Invesco QQQ by 71.3% during the fourth quarter. Valley Forge Investment Consultants Inc. ADV now owns 961 shares of the exchange traded fund's stock worth $492,000 after acquiring an additional 400 shares during the last quarter. Mechanics Financial Corp boosted its position in Invesco QQQ by 222.2% during the 4th quarter. Mechanics Financial Corp now owns 203 shares of the exchange traded fund's stock valued at $104,000 after purchasing an additional 140 shares during the period. Transamerica Financial Advisors Inc. grew its holdings in Invesco QQQ by 3.8% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 60,754 shares of the exchange traded fund's stock worth $31,059,000 after buying an additional 2,242 shares in the last quarter. Intrust Bank NA raised its holdings in Invesco QQQ by 1.6% during the fourth quarter. Intrust Bank NA now owns 30,111 shares of the exchange traded fund's stock worth $15,394,000 after purchasing an additional 487 shares in the last quarter. Finally, Maridea Wealth Management LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $19,523,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

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Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded down $0.02 during mid-day trading on Monday, reaching $468.92. The company had a trading volume of 50,820,070 shares, compared to its average volume of 35,135,267. The company has a market capitalization of $295.54 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The stock has a fifty day moving average of $508.43 and a two-hundred day moving average of $505.35.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

Invesco QQQ 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.