Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Advance Capital Management Inc.

Advance Capital Management Inc. raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 9.0% during the 4th quarter, Holdings Channel reports. The firm owned 7,313 shares of the exchange traded fund’s stock after purchasing an additional 606 shares during the quarter. Invesco QQQ comprises 0.2% of Advance Capital Management Inc.’s investment portfolio, making the stock its 24th biggest holding. Advance Capital Management Inc.’s holdings in Invesco QQQ were worth $3,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after acquiring an additional 11,351 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after purchasing an additional 2,059 shares during the last quarter. Socha Financial Group LLC grew its position in shares of Invesco QQQ by 2.4% in the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after purchasing an additional 2,171 shares during the period. NRI Wealth Management LC purchased a new position in Invesco QQQ during the fourth quarter worth about $28,729,000. Finally, Garden State Investment Advisory Services LLC boosted its stake in Invesco QQQ by 13.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after buying an additional 3,581 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.1 %

Shares of NASDAQ QQQ traded up $5.96 on Monday, reaching $524.54. 34,855,871 shares of the company traded hands, compared to its average volume of 32,209,734. Invesco QQQ has a fifty-two week low of $397.84 and a fifty-two week high of $539.15. The company has a 50 day moving average of $512.63 and a 200 day moving average of $489.84.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.