Invesco QQQ (NASDAQ:QQQ) Stock Position Raised by Family Capital Management Inc.

Family Capital Management Inc. increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,323 shares of the exchange traded fund’s stock after buying an additional 359 shares during the period. Invesco QQQ comprises about 9.4% of Family Capital Management Inc.’s holdings, making the stock its 3rd largest position. Family Capital Management Inc.’s holdings in Invesco QQQ were worth $13,237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. IMA Wealth Inc. increased its holdings in shares of Invesco QQQ by 1.3% during the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after purchasing an additional 25 shares during the period. S.A. Mason LLC grew its holdings in Invesco QQQ by 1.5% during the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after acquiring an additional 25 shares during the period. Lauterbach Financial Advisors LLC raised its position in Invesco QQQ by 0.4% in the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after acquiring an additional 25 shares in the last quarter. Cedrus LLC raised its position in Invesco QQQ by 1.7% in the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after acquiring an additional 25 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its position in Invesco QQQ by 3.1% in the fourth quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock worth $344,000 after acquiring an additional 25 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock traded down $2.43 during midday trading on Thursday, hitting $423.41. The company’s stock had a trading volume of 46,041,500 shares, compared to its average volume of 45,609,891. The stock’s 50-day moving average price is $438.24 and its 200-day moving average price is $407.40. Invesco QQQ has a 12 month low of $309.89 and a 12 month high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

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.