Annex Advisory Services LLC Has $3 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Annex Advisory Services LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 54.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,872 shares of the exchange traded fund’s stock after acquiring an additional 2,080 shares during the quarter. Annex Advisory Services LLC’s holdings in Invesco QQQ were worth $3,002,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Client 1ST Advisory Group LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at about $531,000. Kaydan Wealth Management Inc. lifted its holdings in shares of Invesco QQQ by 0.6% in the fourth quarter. Kaydan Wealth Management Inc. now owns 6,732 shares of the exchange traded fund’s stock worth $3,442,000 after acquiring an additional 40 shares during the last quarter. Cambridge Advisors Inc. boosted its stake in shares of Invesco QQQ by 5.7% in the 4th quarter. Cambridge Advisors Inc. now owns 2,633 shares of the exchange traded fund’s stock valued at $1,346,000 after purchasing an additional 143 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. grew its holdings in shares of Invesco QQQ by 1.6% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,160 shares of the exchange traded fund’s stock valued at $1,104,000 after purchasing an additional 35 shares during the last quarter. Finally, Liberty One Investment Management LLC increased its position in Invesco QQQ by 11.8% during the 4th quarter. Liberty One Investment Management LLC now owns 2,979 shares of the exchange traded fund’s stock worth $1,523,000 after purchasing an additional 314 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $521.74 on Monday. The company’s 50 day moving average price is $515.94 and its two-hundred day moving average price is $492.11. Invesco QQQ has a fifty-two week low of $409.16 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 issued a dividend of $0.8347 per share. The ex-dividend date 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.