Global Assets Advisory LLC Buys Shares of 8,975 Invesco QQQ (NASDAQ:QQQ)

Global Assets Advisory LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,975 shares of the exchange traded fund’s stock, valued at approximately $4,579,000. Invesco QQQ accounts for about 2.5% of Global Assets Advisory LLC’s portfolio, making the stock its 9th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Gotham Asset Management LLC raised its stake in shares of Invesco QQQ by 9.5% in the 4th quarter. Gotham Asset Management LLC now owns 7,827 shares of the exchange traded fund’s stock valued at $4,001,000 after acquiring an additional 677 shares during the period. Full Sail Capital LLC increased its holdings in Invesco QQQ by 13.3% in the 4th quarter. Full Sail Capital LLC now owns 1,452 shares of the exchange traded fund’s stock valued at $742,000 after purchasing an additional 170 shares during the last quarter. Ensign Peak Advisors Inc raised its position in Invesco QQQ by 292.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 268,400 shares of the exchange traded fund’s stock valued at $137,214,000 after purchasing an additional 200,000 shares during the period. Ewing Morris & Co. Investment Partners Ltd. acquired a new position in Invesco QQQ during the fourth quarter worth $3,545,000. Finally, Fairview Capital Investment Management LLC boosted its position in shares of Invesco QQQ by 7.2% during the fourth quarter. Fairview Capital Investment Management LLC now owns 4,867 shares of the exchange traded fund’s stock worth $2,488,000 after buying an additional 329 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.0 %

QQQ stock opened at $488.05 on Friday. The business’s fifty day moving average price is $467.78 and its 200 day moving average price is $499.24. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The company has a market capitalization of $305.84 billion, a PE ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date of this dividend was 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.