Thompson Davis & CO. Inc. Buys 505 Shares of Invesco QQQ (NASDAQ:QQQ)

Thompson Davis & CO. Inc. boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 45.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,606 shares of the exchange traded fund’s stock after acquiring an additional 505 shares during the period. Invesco QQQ accounts for 0.6% of Thompson Davis & CO. Inc.’s investment portfolio, making the stock its 22nd largest holding. Thompson Davis & CO. Inc.’s holdings in Invesco QQQ were worth $658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in QQQ. 180 Wealth Advisors LLC lifted its stake in Invesco QQQ by 1.2% in the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock valued at $870,000 after buying an additional 29 shares during the period. Bank Hapoalim BM lifted its stake in Invesco QQQ by 6.3% in the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after buying an additional 4,549 shares during the period. Goodwin Daniel L lifted its stake in Invesco QQQ by 76.1% in the third quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock valued at $2,069,000 after buying an additional 2,495 shares during the period. Ameriprise Financial Inc. lifted its stake in Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after buying an additional 243,305 shares during the period. Finally, VitalStone Financial LLC lifted its stake in Invesco QQQ by 302.0% in the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after buying an additional 16,079 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ traded down $8.16 during trading on Tuesday, hitting $424.59. The company’s stock had a trading volume of 42,556,273 shares, compared to its average volume of 45,909,301. Invesco QQQ has a twelve month low of $315.11 and a twelve month high of $449.34. The stock’s fifty day moving average price is $436.86 and its 200-day moving average price is $411.54.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.54%. 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.