Client 1ST Advisory Group LLC Purchases New Shares in Invesco QQQ (NASDAQ:QQQ)

Client 1ST Advisory Group LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,039 shares of the exchange traded fund’s stock, valued at approximately $531,000.

Several other institutional investors have also added to or reduced their stakes in QQQ. Legacy Bridge LLC grew its stake in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. BNP Paribas bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at $62,000. Brooklyn Investment Group purchased a new stake in shares of Invesco QQQ in the 4th quarter worth about $69,000. Pacifica Partners Inc. bought a new position in shares of Invesco QQQ in the 4th quarter worth about $73,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its position in Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 63 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $521.74 on Monday. Invesco QQQ has a one year low of $409.16 and a one year high of $539.15. The company’s 50-day simple moving average is $515.94 and its 200 day simple moving average is $492.11.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.