Ballew Advisors Inc Buys 36 Shares of Invesco QQQ (NASDAQ:QQQ)

Ballew Advisors Inc lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 1.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,295 shares of the exchange traded fund’s stock after acquiring an additional 36 shares during the period. Invesco QQQ comprises about 1.0% of Ballew Advisors Inc’s holdings, making the stock its 23rd biggest position. Ballew Advisors Inc’s holdings in Invesco QQQ were worth $1,349,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC raised its position in Invesco QQQ by 156,045.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after purchasing an additional 43,463,232 shares in the last quarter. Morgan Stanley increased its holdings in shares of Invesco QQQ by 10.0% during the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after buying an additional 1,533,114 shares in the last quarter. Barclays PLC increased its holdings in shares of Invesco QQQ by 113.5% during the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock worth $2,134,368,000 after buying an additional 48,423,350 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Invesco QQQ by 1.2% during the third quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after buying an additional 52,019 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after buying an additional 243,305 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded down $0.82 during mid-day trading on Thursday, hitting $444.01. 36,607,437 shares of the stock were exchanged, compared to its average volume of 44,988,266. The stock’s fifty day simple moving average is $433.84 and its two-hundred day simple moving average is $399.66. Invesco QQQ has a twelve month low of $309.89 and a twelve month high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%.

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.