637 Shares in Invesco QQQ (NASDAQ:QQQ) Purchased by Worth Financial Advisory Group LLC

Worth Financial Advisory Group LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 637 shares of the exchange traded fund’s stock, valued at approximately $326,000.

Several other large investors have also modified their holdings of QQQ. Cottage Street Advisors LLC increased its stake in Invesco QQQ by 0.7% during the fourth quarter. Cottage Street Advisors LLC now owns 9,546 shares of the exchange traded fund’s stock worth $4,880,000 after acquiring an additional 71 shares during the last quarter. Arlington Capital Management Inc. boosted its position in Invesco QQQ by 6.5% during the 4th quarter. Arlington Capital Management Inc. now owns 2,544 shares of the exchange traded fund’s stock worth $1,300,000 after purchasing an additional 156 shares during the period. Graney & King LLC purchased a new position in Invesco QQQ in the fourth quarter valued at about $113,000. Excalibur Management Corp lifted its position in Invesco QQQ by 11.4% during the 4th quarter. Excalibur Management Corp now owns 1,371 shares of the exchange traded fund’s stock worth $701,000 after acquiring an additional 140 shares in the last quarter. Finally, Core Wealth Partners LLC grew its position in Invesco QQQ by 3.7% in the fourth quarter. Core Wealth Partners LLC now owns 2,200 shares of the exchange traded fund’s stock valued at $1,124,000 after acquiring an additional 78 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.8 %

NASDAQ QQQ opened at $484.38 on Thursday. The company’s fifty day simple moving average is $510.12 and its 200-day simple moving average is $504.83. The stock has a market cap of $305.28 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.

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.