Eldridge Investment Advisors Inc. Acquires 10,570 Shares of Invesco QQQ (NASDAQ:QQQ)

Eldridge Investment Advisors Inc. grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 48.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,555 shares of the exchange traded fund’s stock after purchasing an additional 10,570 shares during the period. Invesco QQQ comprises approximately 3.5% of Eldridge Investment Advisors Inc.’s investment portfolio, making the stock its 5th biggest holding. Eldridge Investment Advisors Inc.’s holdings in Invesco QQQ were worth $13,332,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Red Tortoise LLC increased its holdings in 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 buying an additional 74 shares during the last quarter. Friedenthal Financial acquired a new position in Invesco QQQ during the fourth quarter worth $41,000. Bear Mountain Capital Inc. acquired a new position in Invesco QQQ during the fourth quarter worth $42,000. Core Wealth Advisors Inc. increased its holdings in Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 30 shares during the last quarter. Finally, Blume Capital Management Inc. increased its holdings in Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 3,500 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.3 %

QQQ stock traded up $5.33 during midday trading on Thursday, reaching $426.85. 24,648,117 shares of the company were exchanged, compared to its average volume of 45,727,078. The business has a 50-day moving average price of $436.78 and a two-hundred day moving average price of $411.61. Invesco QQQ has a one year low of $315.11 and a one year high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a $0.5735 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.54%.

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.