First City Capital Management Inc. Purchases Shares of 402 Invesco QQQ (NASDAQ:QQQ)

First City Capital Management Inc. acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 402 shares of the exchange traded fund’s stock, valued at approximately $206,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Legacy Bridge LLC boosted its stake in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas bought a new stake in Invesco QQQ in the 3rd quarter valued at approximately $62,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 63 shares during the last quarter. Providence Capital Advisors LLC acquired a new stake in Invesco QQQ during the 2nd quarter worth approximately $76,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at $91,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.7 %

NASDAQ QQQ traded up $8.72 during trading on Friday, hitting $518.95. 16,994,393 shares of the company’s stock were exchanged, compared to its average volume of 26,481,867. The stock’s 50 day moving average price is $512.17 and its two-hundred day moving average price is $489.54. Invesco QQQ has a fifty-two week low of $395.34 and a fifty-two week high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. 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.