Invesco QQQ (NASDAQ:QQQ) is Powell Investment Advisors LLC’s 6th Largest Position

Powell Investment Advisors LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,700 shares of the exchange traded fund’s stock after acquiring an additional 85 shares during the quarter. Invesco QQQ accounts for approximately 5.1% of Powell Investment Advisors LLC’s holdings, making the stock its 6th biggest holding. Powell Investment Advisors LLC’s holdings in Invesco QQQ were worth $11,093,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Hoese & Co LLP increased its holdings in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the period. Legacy Bridge LLC boosted its position in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas purchased a new position in Invesco QQQ in the third quarter valued at about $62,000. Brooklyn Investment Group bought a new position in Invesco QQQ in the fourth quarter worth about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its holdings in Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $522.92 on Monday. The company’s 50-day simple moving average is $521.26 and its 200-day simple moving average is $495.67. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week 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 paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.