Invesco QQQ (NASDAQ:QQQ) Shares Bought by Kovack Advisors Inc.

Kovack Advisors Inc. raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,516 shares of the exchange traded fund’s stock after acquiring an additional 1,759 shares during the quarter. Invesco QQQ accounts for about 2.1% of Kovack Advisors Inc.’s holdings, making the stock its 7th biggest position. Kovack Advisors Inc.’s holdings in Invesco QQQ were worth $21,224,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SOA Wealth Advisors LLC. increased its position 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 buying an additional 46 shares in the last quarter. Pettinga Financial Advisors LLC increased its position in shares of Invesco QQQ by 13.6% in the third quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock valued at $7,553,000 after buying an additional 1,854 shares in the last quarter. Fidelis Capital Partners LLC increased its position in shares of Invesco QQQ by 3.1% in the third quarter. Fidelis Capital Partners LLC now owns 5,677 shares of the exchange traded fund’s stock valued at $2,772,000 after buying an additional 169 shares in the last quarter. Eagle Strategies LLC increased its position in shares of Invesco QQQ by 8.9% in the third quarter. Eagle Strategies LLC now owns 3,624 shares of the exchange traded fund’s stock valued at $1,769,000 after buying an additional 297 shares in the last quarter. Finally, Lodestar Private Asset Management LLC increased its position in shares of Invesco QQQ by 1.0% in the third quarter. Lodestar Private Asset Management LLC now owns 71,654 shares of the exchange traded fund’s stock valued at $34,972,000 after buying an additional 689 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2 %

Shares of QQQ stock opened at $514.56 on Thursday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The stock has a market cap of $324.30 billion, a P/E ratio of 33.43 and a beta of 1.11. The business has a fifty day simple moving average of $522.53 and a 200-day simple moving average of $502.62.

Invesco QQQ Dividend Announcement

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