9,919 Shares in Invesco QQQ (NASDAQ:QQQ) Acquired by Madison Park Capital Advisors LLC

Madison Park Capital Advisors LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 9,919 shares of the exchange traded fund’s stock, valued at approximately $4,064,000. Invesco QQQ accounts for 3.9% of Madison Park Capital Advisors LLC’s holdings, making the stock its 11th largest position.

Several other institutional investors also recently added to or reduced their stakes in QQQ. Capital Investment Advisors LLC increased its position in Invesco QQQ by 0.8% in the 3rd quarter. Capital Investment Advisors LLC now owns 7,530 shares of the exchange traded fund’s stock worth $2,698,000 after buying an additional 58 shares during the period. Rainey & Randall Investment Management Inc. increased its position in shares of Invesco QQQ by 13.7% during the third quarter. Rainey & Randall Investment Management Inc. now owns 15,262 shares of the exchange traded fund’s stock valued at $5,440,000 after purchasing an additional 1,836 shares during the period. Atlas Brown Inc. increased its position in shares of Invesco QQQ by 9.7% during the third quarter. Atlas Brown Inc. now owns 3,041 shares of the exchange traded fund’s stock valued at $1,090,000 after purchasing an additional 270 shares during the period. Fifth Third Wealth Advisors LLC increased its position in shares of Invesco QQQ by 2.1% during the third quarter. Fifth Third Wealth Advisors LLC now owns 2,270 shares of the exchange traded fund’s stock valued at $813,000 after purchasing an additional 46 shares during the period. Finally, 1900 Wealth Management LLC bought a new stake in shares of Invesco QQQ during the third quarter valued at approximately $234,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ traded up $6.25 on Tuesday, reaching $425.07. 44,085,762 shares of the stock traded hands, compared to its average volume of 46,010,473. Invesco QQQ has a 12 month low of $309.89 and a 12 month high of $449.34. The stock’s 50-day moving average price is $437.20 and its 200-day moving average price is $409.44.

Invesco QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date 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.