Smith Moore & CO. Buys 869 Shares of Invesco QQQ $QQQ

Smith Moore & CO. grew its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,884 shares of the exchange traded fund’s stock after acquiring an additional 869 shares during the quarter. Invesco QQQ accounts for 1.3% of Smith Moore & CO.’s holdings, making the stock its 12th biggest position. Smith Moore & CO.’s holdings in Invesco QQQ were worth $17,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Goodman Advisory Group LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $27,000. Navigoe LLC raised its position in shares of Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 45 shares during the period. Measured Wealth Private Client Group LLC bought a new position in shares of Invesco QQQ during the 3rd quarter valued at about $40,000. Finally, PayPay Securities Corp lifted its holdings in shares of Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 30 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

More Invesco QQQ News

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Invesco QQQ Price Performance

NASDAQ QQQ opened at $611.07 on Monday. The business has a 50 day simple moving average of $599.35 and a 200 day simple moving average of $609.52. Invesco QQQ has a 52-week low of $427.93 and a 52-week high of $637.01.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd.

About Invesco QQQ

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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