Colton Groome Financial Advisors LLC Grows Position in Invesco QQQ (NASDAQ:QQQ)

Colton Groome Financial Advisors LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 11.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,805 shares of the exchange traded fund’s stock after acquiring an additional 481 shares during the period. Invesco QQQ makes up approximately 0.9% of Colton Groome Financial Advisors LLC’s portfolio, making the stock its 26th largest position. Colton Groome Financial Advisors LLC’s holdings in Invesco QQQ were worth $2,457,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. M Wealth Management LLC purchased a new position in Invesco QQQ in the 4th quarter valued at approximately $636,000. Crews Bank & Trust purchased a new position in shares of Invesco QQQ in the fourth quarter valued at $5,518,000. Capital Investment Advisory Services LLC raised its stake in shares of Invesco QQQ by 10.5% during the 4th quarter. Capital Investment Advisory Services LLC now owns 18,189 shares of the exchange traded fund’s stock worth $9,299,000 after buying an additional 1,731 shares during the last quarter. OLD National Bancorp IN boosted its position in shares of Invesco QQQ by 20.4% in the 4th quarter. OLD National Bancorp IN now owns 3,770 shares of the exchange traded fund’s stock worth $1,927,000 after buying an additional 640 shares in the last quarter. Finally, DMC Group LLC grew its stake in Invesco QQQ by 9.0% in the 4th quarter. DMC Group LLC now owns 760 shares of the exchange traded fund’s stock valued at $389,000 after acquiring an additional 63 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ opened at $523.05 on Friday. The company has a 50-day moving average of $518.86 and a two-hundred day moving average of $493.75. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.