Foundations Investment Advisors LLC Acquires 29,942 Shares of Invesco QQQ $QQQ

Foundations Investment Advisors LLC raised its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 25.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,134 shares of the exchange traded fund’s stock after purchasing an additional 29,942 shares during the quarter. Invesco QQQ accounts for 1.2% of Foundations Investment Advisors LLC’s investment portfolio, making the stock its 18th largest position. Foundations Investment Advisors LLC’s holdings in Invesco QQQ were worth $90,386,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of QQQ. Goodman Advisory Group LLC bought a new position in Invesco QQQ in the 3rd quarter valued at $25,000. Shcp LLC bought a new position in Invesco QQQ in the 3rd quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 43 shares during the period. Rachor Investment Advisory Services LLC bought a new position in shares of Invesco QQQ during the 4th quarter worth $29,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Invesco QQQ during the 3rd quarter worth $40,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.1%

QQQ stock opened at $729.45 on Thursday. Invesco QQQ has a fifty-two week low of $511.93 and a fifty-two week high of $733.32. The stock has a fifty day moving average of $646.52 and a 200-day moving average of $625.28.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.93 annualized dividend and a dividend yield of 0.4%.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Company Profile

(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.

Featured Stories

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.