FLC Capital Advisors Has $1.05 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

FLC Capital Advisors boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 8.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,572 shares of the exchange traded fund’s stock after purchasing an additional 207 shares during the quarter. FLC Capital Advisors’ holdings in Invesco QQQ were worth $1,053,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Moneta Group Investment Advisors LLC raised its position in shares of Invesco QQQ by 156,045.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after buying an additional 43,463,232 shares in the last quarter. Morgan Stanley grew its holdings in shares of Invesco QQQ by 10.0% during the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after purchasing an additional 1,533,114 shares during the last quarter. Barclays PLC grew its holdings in shares of Invesco QQQ by 113.5% during the 2nd quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after purchasing an additional 48,423,350 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Invesco QQQ by 1.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock valued at $1,623,380,000 after purchasing an additional 52,019 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Invesco QQQ by 6.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after purchasing an additional 243,305 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.3 %

QQQ traded up $1.51 during trading on Wednesday, reaching $444.83. 40,990,552 shares of the company’s stock were exchanged, compared to its average volume of 45,122,688. Invesco QQQ has a one year low of $304.77 and a one year high of $449.34. The firm has a fifty day moving average price of $433.08 and a two-hundred day moving average price of $399.34.

Invesco QQQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Monday, March 18th.

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.