Fragasso Financial Advisors Inc Has $1.10 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Fragasso Financial Advisors Inc grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,141 shares of the exchange traded fund’s stock after buying an additional 34 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Invesco QQQ were worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in QQQ. International Assets Investment Management LLC boosted its holdings in 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 acquiring an additional 32,516,210 shares during the last quarter. Granite Bay Wealth Management LLC boosted its holdings in Invesco QQQ by 6,215.5% in the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after acquiring an additional 894,532 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after acquiring an additional 488,815 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its holdings in Invesco QQQ by 6,880.6% in the second quarter. CBIZ Investment Advisory Services LLC now owns 395,588 shares of the exchange traded fund’s stock valued at $189,530,000 after acquiring an additional 389,921 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Invesco QQQ by 7.3% in the second quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after acquiring an additional 338,494 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock traded down $2.81 during mid-day trading on Monday, hitting $504.38. The stock had a trading volume of 20,384,633 shares, compared to its average volume of 32,709,977. The stock has a 50-day simple moving average of $514.92 and a two-hundred day simple moving average of $491.12. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.