Brave Asset Management Inc. Takes Position in Invesco QQQ (NASDAQ:QQQ)

Brave Asset Management Inc. acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 59,557 shares of the exchange traded fund’s stock, valued at approximately $24,390,000. Invesco QQQ makes up 6.9% of Brave Asset Management Inc.’s investment portfolio, making the stock its 3rd largest position.

Other institutional investors have also modified their holdings of the company. 180 Wealth Advisors LLC lifted its holdings in shares of Invesco QQQ by 1.2% during the 3rd quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock valued at $870,000 after purchasing an additional 29 shares in the last quarter. Goodwin Daniel L lifted its stake in Invesco QQQ by 76.1% in the 3rd quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock valued at $2,069,000 after acquiring an additional 2,495 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Invesco QQQ by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after acquiring an additional 243,305 shares in the last quarter. Scarborough Advisors LLC lifted its stake in Invesco QQQ by 73.3% in the 3rd quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock valued at $492,000 after acquiring an additional 581 shares in the last quarter. Finally, VitalStone Financial LLC lifted its stake in Invesco QQQ by 302.0% in the 3rd quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after acquiring an additional 16,079 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

NASDAQ QQQ traded down $0.82 during trading on Thursday, hitting $444.01. The stock had a trading volume of 36,607,437 shares, compared to its average volume of 44,988,266. The company’s 50-day moving average price is $433.84 and its two-hundred day moving average price is $399.66. Invesco QQQ has a 12 month low of $309.89 and a 12 month high of $449.34.

Invesco QQQ Announces Dividend

The company also recently announced 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. This represents a $2.29 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Monday, March 18th.

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.