Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Integral Investment Advisors Inc.

Integral Investment Advisors Inc. boosted its position in Invesco QQQ (NASDAQ:QQQ) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,467 shares of the exchange traded fund’s stock after purchasing an additional 625 shares during the period. Invesco QQQ comprises 4.6% of Integral Investment Advisors Inc.’s holdings, making the stock its 8th largest position. Integral Investment Advisors Inc.’s holdings in Invesco QQQ were worth $7,153,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of QQQ. Red Tortoise LLC increased its holdings in shares of Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares during the period. Friedenthal Financial bought a new position in Invesco QQQ in the fourth quarter valued at approximately $41,000. Bear Mountain Capital Inc. bought a new position in Invesco QQQ in the fourth quarter valued at approximately $42,000. Core Wealth Advisors Inc. increased its stake in Invesco QQQ by 33.3% in the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 30 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in Invesco QQQ in the second quarter valued at approximately $44,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ:QQQ traded down $2.07 during mid-day trading on Thursday, reaching $423.77. The stock had a trading volume of 37,798,283 shares, compared to its average volume of 45,484,004. The stock has a 50-day simple moving average of $438.24 and a two-hundred day simple moving average of $407.40. Invesco QQQ has a 12 month low of $309.89 and a 12 month high of $449.34.

Invesco QQQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given 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 0.54%.

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.