Aviance Capital Partners LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

Aviance Capital Partners LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 29.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,514 shares of the exchange traded fund’s stock after buying an additional 1,033 shares during the quarter. Aviance Capital Partners LLC’s holdings in Invesco QQQ were worth $1,848,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings LLC lifted its position in Invesco QQQ by 8.0% in the third quarter. Chevy Chase Trust Holdings LLC now owns 4,457 shares of the exchange traded fund’s stock valued at $1,597,000 after purchasing an additional 329 shares during the period. Independent Advisor Alliance boosted its stake in shares of Invesco QQQ by 2.3% in the third quarter. Independent Advisor Alliance now owns 1,743 shares of the exchange traded fund’s stock valued at $624,000 after buying an additional 40 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Invesco QQQ by 244.3% during the third quarter. Bank of New York Mellon Corp now owns 380,566 shares of the exchange traded fund’s stock worth $136,345,000 after acquiring an additional 270,035 shares during the period. Brown Advisory Inc. raised its position in Invesco QQQ by 7.8% in the third quarter. Brown Advisory Inc. now owns 46,594 shares of the exchange traded fund’s stock worth $16,693,000 after acquiring an additional 3,390 shares in the last quarter. Finally, Ironwood Wealth Management LLC. lifted its holdings in Invesco QQQ by 0.7% in the third quarter. Ironwood Wealth Management LLC. now owns 10,339 shares of the exchange traded fund’s stock valued at $3,704,000 after acquiring an additional 74 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ traded up $4.77 during trading hours on Monday, reaching $440.25. The company had a trading volume of 29,870,592 shares, compared to its average volume of 45,728,453. Invesco QQQ has a 12-month low of $321.32 and a 12-month high of $449.34. The firm has a 50 day simple moving average of $436.61 and a 200-day simple moving average of $413.39.

Invesco QQQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Monday, March 18th.

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.