Abbrea Capital LLC Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Abbrea Capital LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,221 shares of the exchange traded fund’s stock after purchasing an additional 48 shares during the period. Abbrea Capital LLC’s holdings in Invesco QQQ were worth $5,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Red Tortoise LLC grew its stake in Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the last quarter. Friedenthal Financial purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $41,000. Bear Mountain Capital Inc. purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $42,000. Core Wealth Advisors Inc. lifted its holdings 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 period. Finally, Blume Capital Management Inc. lifted its holdings in Invesco QQQ by 104.0% in the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 3,500 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.5 %

NASDAQ:QQQ traded up $6.55 during trading hours on Friday, reaching $431.00. The company had a trading volume of 41,515,988 shares, compared to its average volume of 46,134,520. Invesco QQQ has a 1-year low of $315.05 and a 1-year high of $449.34. The business’s 50 day moving average price is $436.87 and its 200-day moving average price is $409.67.

Invesco QQQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Monday, March 18th.

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.