Valley National Advisers Inc. Raises Position in Invesco QQQ (NASDAQ:QQQ)

Valley National Advisers Inc. raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,163 shares of the exchange traded fund’s stock after acquiring an additional 111 shares during the quarter. Valley National Advisers Inc.’s holdings in Invesco QQQ were worth $1,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. VisionPoint Advisory Group LLC purchased a new position in shares of Invesco QQQ during the 2nd quarter valued at $36,000. Russell Investments Group Ltd. purchased a new position in shares of Invesco QQQ during the 2nd quarter valued at $44,000. Core Wealth Advisors Inc. lifted its stake in shares of Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 30 shares in the last quarter. Blume Capital Management Inc. increased its holdings in Invesco QQQ by 104.0% in the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Buck Wealth Strategies LLC increased its holdings in Invesco QQQ by 71.4% in the 3rd quarter. Buck Wealth Strategies LLC now owns 156 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ traded down $0.23 on Monday, reaching $440.24. The company had a trading volume of 14,065,434 shares, compared to its average volume of 44,655,453. The firm’s 50 day moving average price is $436.57 and its 200 day moving average price is $403.29. Invesco QQQ has a 12 month low of $309.89 and a 12 month high of $449.34.

Invesco QQQ Dividend Announcement

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

Invesco QQQ 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.