TCI Wealth Advisors Inc. Has $1.31 Million Stake in Invesco QQQ (NASDAQ:QQQ)

TCI Wealth Advisors Inc. raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 14.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,199 shares of the exchange traded fund’s stock after acquiring an additional 395 shares during the period. TCI Wealth Advisors Inc.’s holdings in Invesco QQQ were worth $1,310,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of QQQ. IMA Wealth Inc. boosted its stake in shares of Invesco QQQ by 1.3% during the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after buying an additional 25 shares during the last quarter. S.A. Mason LLC boosted its position in Invesco QQQ by 1.5% during the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after purchasing an additional 25 shares during the last quarter. Lauterbach Financial Advisors LLC grew its stake in Invesco QQQ by 0.4% in the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after purchasing an additional 25 shares in the last quarter. Cedrus LLC increased its position in shares of Invesco QQQ by 1.7% during the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after purchasing an additional 25 shares during the last quarter. Finally, Waterfront Wealth Inc. raised its stake in shares of Invesco QQQ by 3.1% during the 4th quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock worth $344,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $8.58 during midday trading on Friday, hitting $435.48. The stock had a trading volume of 48,515,252 shares, compared to its average volume of 48,759,256. The business’s 50-day simple moving average is $436.53 and its 200-day simple moving average is $412.83. Invesco QQQ has a 12 month low of $315.11 and a 12 month high of $449.34.

Invesco QQQ Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.53%.

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.