Invesco QQQ (NASDAQ:QQQ) Stock Position Raised by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 30.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,374 shares of the exchange traded fund’s stock after acquiring an additional 9,127 shares during the period. Invesco QQQ comprises about 0.9% of Gladstone Institutional Advisory LLC’s investment portfolio, making the stock its 21st biggest holding. Gladstone Institutional Advisory LLC’s holdings in Invesco QQQ were worth $20,129,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of QQQ. SOA Wealth Advisors LLC. increased its stake in shares of Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after purchasing an additional 46 shares during the period. ORG Wealth Partners LLC bought a new position in Invesco QQQ in the 3rd quarter worth approximately $181,000. Stablepoint Partners LLC increased its position in Invesco QQQ by 95.7% in the 3rd quarter. Stablepoint Partners LLC now owns 1,832 shares of the exchange traded fund’s stock valued at $894,000 after acquiring an additional 896 shares during the period. Empirical Asset Management LLC raised its stake in Invesco QQQ by 7.3% during the 3rd quarter. Empirical Asset Management LLC now owns 1,286 shares of the exchange traded fund’s stock valued at $628,000 after acquiring an additional 87 shares in the last quarter. Finally, Grove Bank & Trust raised its stake in Invesco QQQ by 16.9% during the 3rd quarter. Grove Bank & Trust now owns 782 shares of the exchange traded fund’s stock valued at $382,000 after acquiring an additional 113 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $527.99 on Wednesday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The business has a fifty day moving average of $521.54 and a 200-day moving average of $496.40.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.8347 dividend. 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.