Ballew Advisors Inc Boosts Holdings in Invesco QQQ (NASDAQ:QQQ)

Ballew Advisors Inc increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 15.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,795 shares of the exchange traded fund’s stock after purchasing an additional 506 shares during the period. Invesco QQQ makes up about 1.2% of Ballew Advisors Inc’s holdings, making the stock its 20th biggest holding. Ballew Advisors Inc’s holdings in Invesco QQQ were worth $1,919,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. Legacy Bridge LLC lifted its stake in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the last quarter. BNP Paribas purchased a new position in shares of Invesco QQQ in the third quarter worth about $62,000. Brooklyn Investment Group bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $69,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings 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 valued at $71,000 after acquiring an additional 63 shares during the period. Finally, Pacifica Partners Inc. bought a new position in Invesco QQQ during the 4th quarter worth approximately $73,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.7 %

Shares of Invesco QQQ stock opened at $521.74 on Friday. Invesco QQQ has a one year low of $409.16 and a one year high of $539.15. The business’s 50 day simple moving average is $515.94 and its two-hundred day simple moving average is $492.08.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. 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.