Carson Advisory Inc. Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Carson Advisory Inc. purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 648 shares of the exchange traded fund’s stock, valued at approximately $331,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. SageView Advisory Group LLC increased its stake in shares of Invesco QQQ by 20.8% during the 4th quarter. SageView Advisory Group LLC now owns 8,360 shares of the exchange traded fund’s stock worth $4,274,000 after purchasing an additional 1,437 shares during the last quarter. Keystone Financial Group bought a new stake in Invesco QQQ during the 4th quarter valued at approximately $9,150,000. Savvy Advisors Inc. boosted its position in shares of Invesco QQQ by 9.6% in the fourth quarter. Savvy Advisors Inc. now owns 11,531 shares of the exchange traded fund’s stock valued at $5,895,000 after acquiring an additional 1,010 shares during the period. Synovus Financial Corp grew its position in Invesco QQQ by 1.2% in the 4th quarter. Synovus Financial Corp now owns 43,291 shares of the exchange traded fund’s stock worth $22,152,000 after purchasing an additional 513 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its position in Invesco QQQ by 1.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 42,413 shares of the exchange traded fund’s stock worth $21,683,000 after buying an additional 556 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.8 %

QQQ opened at $454.40 on Friday. The stock has a market cap of $283.95 billion, a PE ratio of 30.05 and a beta of 1.11. The stock’s 50 day simple moving average is $490.33 and its 200-day simple moving average is $502.44. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date 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.