NBZ Investment Advisors LLC Acquires Shares of 3,144 Invesco QQQ (NASDAQ:QQQ)

NBZ Investment Advisors LLC bought a new position in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,144 shares of the exchange traded fund’s stock, valued at approximately $1,608,000. Invesco QQQ comprises about 0.9% of NBZ Investment Advisors LLC’s investment portfolio, making the stock its 17th biggest holding.

Other hedge funds also recently made changes to their positions in the company. Vertex Planning Partners LLC lifted its position in Invesco QQQ by 3.5% during the fourth quarter. Vertex Planning Partners LLC now owns 4,289 shares of the exchange traded fund’s stock valued at $2,193,000 after purchasing an additional 146 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in Invesco QQQ by 21.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 111,377 shares of the exchange traded fund’s stock valued at $56,939,000 after buying an additional 19,758 shares in the last quarter. Tepp RIA LLC bought a new position in Invesco QQQ in the fourth quarter worth approximately $12,333,000. Frazier Financial Advisors LLC raised its holdings in shares of Invesco QQQ by 1,288.9% in the fourth quarter. Frazier Financial Advisors LLC now owns 125 shares of the exchange traded fund’s stock valued at $64,000 after acquiring an additional 116 shares in the last quarter. Finally, Hippocratic Financial Advisors LLC purchased a new position in Invesco QQQ during the fourth quarter valued at approximately $273,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $481.62 on Friday. The stock’s 50-day moving average is $509.49 and its 200 day moving average is $504.67. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The company has a market cap of $303.54 billion, a P/E ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

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.