Brighton Jones LLC Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Brighton Jones LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 15.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 38,348 shares of the exchange traded fund’s stock after acquiring an additional 4,989 shares during the period. Invesco QQQ accounts for about 0.6% of Brighton Jones LLC’s portfolio, making the stock its 28th largest position. Brighton Jones LLC’s holdings in Invesco QQQ were worth $19,605,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of QQQ. International Assets Investment Management LLC lifted its stake in Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after purchasing an additional 32,516,210 shares during the last quarter. Ameriprise Financial Inc. grew its position in Invesco QQQ by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after acquiring an additional 338,494 shares during the last quarter. Toronto Dominion Bank increased its stake in Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after purchasing an additional 488,815 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco QQQ by 1.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock worth $1,532,904,000 after purchasing an additional 33,790 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp increased its stake in Invesco QQQ by 0.8% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock worth $940,676,000 after buying an additional 13,772 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2 %

Shares of NASDAQ:QQQ opened at $532.64 on Friday. The firm’s 50 day simple moving average is $516.72 and its 200-day simple moving average is $492.81. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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.