NBW Capital LLC Buys New Shares in Invesco QQQ (NASDAQ:QQQ)

NBW Capital LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, HoldingsChannel.com reports. The fund bought 1,459 shares of the exchange traded fund’s stock, valued at approximately $597,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 180 Wealth Advisors LLC grew its holdings in shares of Invesco QQQ by 1.2% during the 3rd quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock valued at $870,000 after purchasing an additional 29 shares during the last quarter. Bank Hapoalim BM grew its holdings in Invesco QQQ by 6.3% in the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after acquiring an additional 4,549 shares during the last quarter. Goodwin Daniel L grew its holdings in Invesco QQQ by 76.1% in the 3rd quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock worth $2,069,000 after acquiring an additional 2,495 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Invesco QQQ by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after acquiring an additional 243,305 shares during the last quarter. Finally, VitalStone Financial LLC grew its holdings in Invesco QQQ by 302.0% in the 3rd quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after acquiring an additional 16,079 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock traded down $1.69 during trading hours on Thursday, reaching $424.15. The stock had a trading volume of 31,701,986 shares, compared to its average volume of 45,413,402. Invesco QQQ has a 52 week low of $309.89 and a 52 week high of $449.34. The company has a fifty day simple moving average of $438.24 and a 200-day simple moving average of $407.40.

Invesco QQQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

About Invesco QQQ

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.