J.W. Cole Advisors Inc. Has $42.08 Million Stake in Invesco QQQ (NASDAQ:QQQ)

J.W. Cole Advisors Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,744 shares of the exchange traded fund’s stock after acquiring an additional 10,311 shares during the quarter. Invesco QQQ comprises approximately 2.5% of J.W. Cole Advisors Inc.’s investment portfolio, making the stock its 3rd largest holding. J.W. Cole Advisors Inc.’s holdings in Invesco QQQ were worth $42,076,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of QQQ. Barclays PLC increased its holdings in Invesco QQQ by 113.5% in the 2nd quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock worth $2,134,368,000 after buying an additional 48,423,350 shares during the period. Moneta Group Investment Advisors LLC increased its holdings in Invesco QQQ by 156,045.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after buying an additional 43,463,232 shares during the period. International Assets Investment Management LLC increased its holdings in Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after buying an additional 28,263,426 shares during the period. Morgan Stanley increased its holdings in Invesco QQQ by 10.0% in the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after buying an additional 1,533,114 shares during the period. Finally, Granite Bay Wealth Management LLC increased its holdings in Invesco QQQ by 2,372.7% in the 3rd quarter. Granite Bay Wealth Management LLC now owns 804,357 shares of the exchange traded fund’s stock worth $298,345,000 after buying an additional 771,827 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ traded down $8.76 during midday trading on Friday, hitting $414.65. The company’s stock had a trading volume of 75,140,125 shares, compared to its average volume of 46,015,852. Invesco QQQ has a fifty-two week low of $309.89 and a fifty-two week high of $449.34. The firm’s 50 day moving average is $437.60 and its 200-day moving average is $407.88.

Invesco QQQ Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.55%.

Invesco QQQ 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.