Invesco QQQ (NASDAQ:QQQ) is Integral Investment Advisors Inc.’s 8th Largest Position

Integral Investment Advisors Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 3.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 17,467 shares of the exchange traded fund’s stock after purchasing an additional 625 shares during the quarter. Invesco QQQ accounts for approximately 4.6% of Integral Investment Advisors Inc.’s investment portfolio, making the stock its 8th biggest holding. Integral Investment Advisors Inc.’s holdings in Invesco QQQ were worth $7,153,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Red Tortoise LLC raised its holdings in Invesco QQQ by 370.0% in 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 purchased a new position in Invesco QQQ in the fourth quarter worth about $41,000. Bear Mountain Capital Inc. purchased a new position in Invesco QQQ in the fourth quarter worth about $42,000. Core Wealth Advisors Inc. raised its holdings in Invesco QQQ by 33.3% in 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, Russell Investments Group Ltd. purchased a new position in shares of Invesco QQQ during the second quarter valued at approximately $44,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.5 %

Shares of QQQ traded down $2.07 during mid-day trading on Thursday, hitting $423.77. 37,798,283 shares of the company traded hands, compared to its average volume of 45,484,004. The stock has a 50-day moving average price of $438.24 and a two-hundred day moving average price of $407.40. Invesco QQQ has a 1 year low of $309.89 and a 1 year high of $449.34.

Invesco QQQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued 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 0.54%.

About Invesco QQQ

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.