Advance Capital Management Inc. Grows Stock Position in Invesco QQQ (NASDAQ:QQQ)

Advance Capital Management Inc. raised its position in Invesco QQQ (NASDAQ:QQQ) by 9.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,313 shares of the exchange traded fund’s stock after buying an additional 606 shares during the quarter. Invesco QQQ comprises about 0.2% of Advance Capital Management Inc.’s holdings, making the stock its 24th largest position. Advance Capital Management Inc.’s holdings in Invesco QQQ were worth $3,739,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in shares of Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after buying an additional 32,516,210 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Invesco QQQ by 7.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after purchasing an additional 338,494 shares during the period. Toronto Dominion Bank grew its stake in shares of Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after purchasing an additional 488,815 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco QQQ by 1.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock valued at $1,532,904,000 after purchasing an additional 33,790 shares in the last quarter. Finally, Strategic Financial Concepts LLC lifted its stake in shares of Invesco QQQ by 18,691.3% in the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after purchasing an additional 2,762,571 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.1 %

QQQ traded up $5.96 on Monday, hitting $524.54. 34,855,871 shares of the company were exchanged, compared to its average volume of 32,209,734. The business’s fifty day moving average is $512.63 and its 200 day moving average is $489.84. Invesco QQQ has a fifty-two week low of $397.84 and a fifty-two week high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

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.