Valmark Advisers Inc. Buys 265 Shares of Invesco QQQ (NASDAQ:QQQ)

Valmark Advisers Inc. boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,674 shares of the exchange traded fund’s stock after purchasing an additional 265 shares during the quarter. Valmark Advisers Inc.’s holdings in Invesco QQQ were worth $3,962,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its stake in Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the period. Comerica Bank acquired a new position in Invesco QQQ in the third quarter valued at about $140,657,000. Granite Bay Wealth Management LLC grew its stake in Invesco QQQ by 47.1% in the fourth quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock valued at $451,075,000 after acquiring an additional 378,922 shares during the period. CHURCHILL MANAGEMENT Corp grew its stake in Invesco QQQ by 36.3% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock valued at $578,680,000 after acquiring an additional 376,661 shares during the period. Finally, Cerity Partners LLC grew its stake in Invesco QQQ by 77.2% in the fourth quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock valued at $345,182,000 after acquiring an additional 367,317 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.5 %

NASDAQ:QQQ traded up $6.55 on Friday, reaching $431.00. The company’s stock had a trading volume of 41,874,907 shares, compared to its average volume of 47,550,872. The business’s 50-day moving average price is $436.88 and its two-hundred day moving average price is $410.11. Invesco QQQ has a 1-year low of $315.05 and a 1-year high of $449.34.

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. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.53%.

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.