Woodard & Co. Asset Management Group Inc. ADV bought a new position in shares of Invesco QQQ Trust (NASDAQ:QQQ) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,600 shares of the exchange traded fund’s stock, valued at approximately $467,000. Invesco QQQ Trust comprises approximately 3.9% of Woodard & Co. Asset Management Group Inc. ADV’s investment portfolio, making the stock its 7th largest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sontag Advisory LLC acquired a new stake in Invesco QQQ Trust in the fourth quarter valued at $46,000. CX Institutional increased its holdings in Invesco QQQ Trust by 1,811.1% in the fourth quarter. CX Institutional now owns 344 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 326 shares during the period. Capital Financial Planning LLC acquired a new stake in Invesco QQQ Trust in the fourth quarter valued at $55,000. LS Investment Advisors LLC increased its holdings in Invesco QQQ Trust by 25.0% in the fourth quarter. LS Investment Advisors LLC now owns 375 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 75 shares during the period. Finally, St. Johns Investment Management Company LLC acquired a new stake in Invesco QQQ Trust in the first quarter valued at $61,000. Hedge funds and other institutional investors own 44.15% of the company’s stock.

NASDAQ QQQ opened at $180.54 on Wednesday. Invesco QQQ Trust has a twelve month low of $143.46 and a twelve month high of $191.32.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were issued a $0.3242 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.30 dividend on an annualized basis and a yield of 0.72%.

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Invesco QQQ Trust 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.

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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