Arbor Trust Wealth Advisors LLC Buys Shares of 747 Invesco QQQ (NASDAQ:QQQ)

Arbor Trust Wealth Advisors LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 747 shares of the exchange traded fund’s stock, valued at approximately $306,000.

Other institutional investors have also added to or reduced their stakes in the company. Ironwood Wealth Management LLC. boosted its stake in shares of Invesco QQQ by 7.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock worth $1,996,000 after buying an additional 381 shares during the last quarter. Axiom Financial Strategies LLC boosted its stake in shares of Invesco QQQ by 11.6% in the 1st quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock worth $255,000 after buying an additional 85 shares during the last quarter. Roundview Capital LLC raised its holdings in Invesco QQQ by 0.9% in the 1st quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock worth $19,332,000 after purchasing an additional 495 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Invesco QQQ by 11.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock worth $997,000 after purchasing an additional 278 shares during the period. Finally, Covestor Ltd raised its holdings in Invesco QQQ by 309.2% in the 1st quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock worth $162,000 after purchasing an additional 337 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock traded up $0.04 during trading on Tuesday, reaching $431.10. The company had a trading volume of 47,490,572 shares, compared to its average volume of 45,458,633. Invesco QQQ has a 52 week low of $309.89 and a 52 week high of $449.34. The firm’s 50-day simple moving average is $438.29 and its 200 day simple moving average is $406.76.

Invesco QQQ Announces Dividend

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