Ballew Advisors Inc Grows Stake in Invesco QQQ (NASDAQ:QQQ)

Ballew Advisors Inc raised its stake in Invesco QQQ (NASDAQ:QQQ) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,295 shares of the exchange traded fund’s stock after purchasing an additional 36 shares during the quarter. Invesco QQQ comprises about 1.0% of Ballew Advisors Inc’s investment portfolio, making the stock its 23rd biggest position. Ballew Advisors Inc’s holdings in Invesco QQQ were worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Brave Asset Management Inc. acquired a new stake in shares of Invesco QQQ during the fourth quarter valued at about $24,390,000. SeaCrest Wealth Management LLC grew its stake in shares of Invesco QQQ by 5.2% during the fourth quarter. SeaCrest Wealth Management LLC now owns 24,249 shares of the exchange traded fund’s stock valued at $9,621,000 after acquiring an additional 1,191 shares in the last quarter. Saxon Interests Inc. acquired a new stake in shares of Invesco QQQ during the fourth quarter valued at about $2,011,000. Sandbox Financial Partners LLC grew its stake in shares of Invesco QQQ by 611.2% during the fourth quarter. Sandbox Financial Partners LLC now owns 10,818 shares of the exchange traded fund’s stock valued at $4,430,000 after acquiring an additional 9,297 shares in the last quarter. Finally, Alterity Financial Group LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter valued at about $240,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.2 %

Shares of Invesco QQQ stock traded down $0.82 during trading hours on Thursday, hitting $444.01. 36,607,437 shares of the company’s stock traded hands, compared to its average volume of 44,988,266. The stock has a 50 day simple moving average of $433.84 and a 200-day simple moving average of $399.66. Invesco QQQ has a twelve month low of $309.89 and a twelve month high of $449.34.

Invesco QQQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%.

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.