1,258 Shares in Invesco QQQ (NASDAQ:QQQ) Purchased by M.E. Allison & CO. Inc.

M.E. Allison & CO. Inc. acquired a new stake in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,258 shares of the exchange traded fund’s stock, valued at approximately $643,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wooster Corthell Wealth Management Inc. lifted its position in shares of Invesco QQQ by 0.8% during the 4th quarter. Wooster Corthell Wealth Management Inc. now owns 2,743 shares of the exchange traded fund’s stock valued at $1,402,000 after acquiring an additional 23 shares during the period. Divergent Planning LLC lifted its position in Invesco QQQ by 2.4% during the fourth quarter. Divergent Planning LLC now owns 1,051 shares of the exchange traded fund’s stock worth $533,000 after purchasing an additional 25 shares during the period. Diversify Wealth Management LLC grew its stake in Invesco QQQ by 206.9% during the fourth quarter. Diversify Wealth Management LLC now owns 17,750 shares of the exchange traded fund’s stock worth $9,003,000 after buying an additional 11,967 shares in the last quarter. LVW Advisors LLC increased its holdings in Invesco QQQ by 45.0% in the 4th quarter. LVW Advisors LLC now owns 615 shares of the exchange traded fund’s stock valued at $314,000 after buying an additional 191 shares during the period. Finally, Global Wealth Management LLC raised its position in shares of Invesco QQQ by 13.8% in the 4th quarter. Global Wealth Management LLC now owns 12,003 shares of the exchange traded fund’s stock valued at $6,136,000 after buying an additional 1,455 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.7 %

NASDAQ QQQ opened at $521.74 on Tuesday. The firm’s 50 day simple moving average is $515.94 and its 200 day simple moving average is $492.12. Invesco QQQ has a 1 year low of $409.16 and a 1 year high of $539.15.

Invesco QQQ Announces Dividend

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