Invesco QQQ (NASDAQ:QQQ) is Garden State Investment Advisory Services LLC’s Largest Position

Garden State Investment Advisory Services LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,418 shares of the exchange traded fund’s stock after acquiring an additional 428 shares during the period. Invesco QQQ accounts for approximately 4.8% of Garden State Investment Advisory Services LLC’s portfolio, making the stock its largest holding. Garden State Investment Advisory Services LLC’s holdings in Invesco QQQ were worth $16,115,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in QQQ. SOA Wealth Advisors LLC. boosted its holdings in Invesco QQQ by 0.3% in the 3rd 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. McIlrath & Eck LLC grew its position in Invesco QQQ by 15.9% during the third quarter. McIlrath & Eck LLC now owns 20,218 shares of the exchange traded fund’s stock worth $9,868,000 after buying an additional 2,767 shares in the last quarter. Advisory Resource Group increased its stake in Invesco QQQ by 5.8% in the 3rd quarter. Advisory Resource Group now owns 14,457 shares of the exchange traded fund’s stock worth $7,056,000 after acquiring an additional 791 shares during the last quarter. Tudor Financial Inc. purchased a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $3,376,000. Finally, Anchor Investment Management LLC boosted its position in shares of Invesco QQQ by 1.6% during the 3rd quarter. Anchor Investment Management LLC now owns 42,889 shares of the exchange traded fund’s stock valued at $20,933,000 after acquiring an additional 693 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.1 %

QQQ stock opened at $457.99 on Wednesday. The company’s 50 day moving average is $487.51 and its 200 day moving average is $502.02. The stock has a market cap of $293.64 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Profile

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.