McClarren Financial Advisors Inc. Increases Holdings in Invesco QQQ (NASDAQ:QQQ)

McClarren Financial Advisors Inc. lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 156.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,604 shares of the exchange traded fund’s stock after acquiring an additional 2,200 shares during the period. Invesco QQQ accounts for about 1.1% of McClarren Financial Advisors Inc.’s portfolio, making the stock its 18th biggest holding. McClarren Financial Advisors Inc.’s holdings in Invesco QQQ were worth $1,476,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Red Tortoise LLC lifted its stake in Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of Invesco QQQ in the fourth quarter worth about $41,000. Bear Mountain Capital Inc. purchased a new stake in shares of Invesco QQQ in the fourth quarter worth about $42,000. Core Wealth Advisors Inc. boosted its stake in Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 30 shares during the last quarter. Finally, Blume Capital Management Inc. grew its holdings in Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.5 %

Shares of QQQ traded down $2.06 during mid-day trading on Thursday, hitting $424.45. 55,724,294 shares of the stock were exchanged, compared to its average volume of 46,182,387. Invesco QQQ has a 52-week low of $311.34 and a 52-week high of $449.34. The firm has a 50-day moving average of $436.87 and a two-hundred day moving average of $409.67.

Invesco QQQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors 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.

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.