Arlington Capital Management Inc. Buys 156 Shares of Invesco QQQ (NASDAQ:QQQ)

Arlington Capital Management Inc. grew its stake in Invesco QQQ (NASDAQ:QQQ) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,544 shares of the exchange traded fund’s stock after buying an additional 156 shares during the period. Invesco QQQ makes up about 0.9% of Arlington Capital Management Inc.’s holdings, making the stock its 23rd biggest holding. Arlington Capital Management Inc.’s holdings in Invesco QQQ were worth $1,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Graney & King LLC bought a new position in Invesco QQQ during the 4th quarter valued at approximately $113,000. Excalibur Management Corp lifted its position in shares of Invesco QQQ by 11.4% in the 4th quarter. Excalibur Management Corp now owns 1,371 shares of the exchange traded fund’s stock worth $701,000 after purchasing an additional 140 shares during the period. Core Wealth Partners LLC lifted its holdings in Invesco QQQ by 3.7% in the fourth quarter. Core Wealth Partners LLC now owns 2,200 shares of the exchange traded fund’s stock worth $1,124,000 after buying an additional 78 shares during the period. Ausdal Financial Partners Inc. lifted its stake in shares of Invesco QQQ by 9.1% in the 4th quarter. Ausdal Financial Partners Inc. now owns 29,215 shares of the exchange traded fund’s stock valued at $14,936,000 after purchasing an additional 2,443 shares during the period. Finally, Morey & Quinn Wealth Partners LLC purchased a new stake in Invesco QQQ in the fourth quarter worth about $342,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.6 %

Shares of QQQ opened at $493.46 on Wednesday. The business’s 50 day moving average price is $510.77 and its 200-day moving average price is $504.97. The stock has a market cap of $311.00 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently declared 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.

Invesco QQQ Company 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.