Gray Wealth Management Inc. Purchases 210 Shares of Invesco QQQ (NASDAQ:QQQ)

Gray Wealth Management Inc. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,143 shares of the exchange traded fund’s stock after purchasing an additional 210 shares during the quarter. Invesco QQQ comprises about 2.4% of Gray Wealth Management Inc.’s portfolio, making the stock its 12th biggest position. Gray Wealth Management Inc.’s holdings in Invesco QQQ were worth $4,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQ. 180 Wealth Advisors LLC raised its position in Invesco QQQ by 1.2% in the 3rd quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock valued at $870,000 after buying an additional 29 shares during the last quarter. Bank Hapoalim BM lifted its holdings in Invesco QQQ by 6.3% during the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after purchasing an additional 4,549 shares during the last quarter. Goodwin Daniel L boosted its position in shares of Invesco QQQ by 76.1% in the third quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock valued at $2,069,000 after acquiring an additional 2,495 shares during the period. Ameriprise Financial Inc. grew its position in Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after buying an additional 243,305 shares in the last quarter. Finally, VitalStone Financial LLC raised its stake in Invesco QQQ by 302.0% in the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after purchasing an additional 16,079 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.6 %

NASDAQ QQQ traded down $2.43 on Thursday, hitting $423.41. 46,028,430 shares of the company’s stock were exchanged, compared to its average volume of 45,621,383. The stock has a 50-day moving average of $438.24 and a 200-day moving average of $407.40. Invesco QQQ has a 52 week low of $309.89 and a 52 week high of $449.34.

Invesco QQQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given 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 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.