Fragasso Financial Advisors Inc Has $1.10 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Fragasso Financial Advisors Inc lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.6% during the fourth quarter, HoldingsChannel reports. The firm owned 2,141 shares of the exchange traded fund’s stock after acquiring an additional 34 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Invesco QQQ were worth $1,095,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GHP Investment Advisors Inc. grew its stake in Invesco QQQ by 3.6% in the second quarter. GHP Investment Advisors Inc. now owns 3,232 shares of the exchange traded fund’s stock valued at $1,549,000 after purchasing an additional 111 shares in the last quarter. Lyell Wealth Management LP grew its stake in Invesco QQQ by 13.6% in the second quarter. Lyell Wealth Management LP now owns 4,495 shares of the exchange traded fund’s stock valued at $2,154,000 after purchasing an additional 538 shares in the last quarter. Diversify Wealth Management LLC bought a new position in Invesco QQQ in the second quarter valued at approximately $2,435,000. Clear Investment Research LLC grew its stake in Invesco QQQ by 27.8% in the second quarter. Clear Investment Research LLC now owns 552 shares of the exchange traded fund’s stock valued at $264,000 after purchasing an additional 120 shares in the last quarter. Finally, Mystic Asset Management Inc. grew its stake in Invesco QQQ by 3.7% in the second quarter. Mystic Asset Management Inc. now owns 17,072 shares of the exchange traded fund’s stock valued at $8,179,000 after purchasing an additional 609 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.6 %

QQQ stock traded down $2.81 during mid-day trading on Monday, reaching $504.38. The company had a trading volume of 20,384,633 shares, compared to its average volume of 32,709,977. Invesco QQQ has a 52 week low of $402.92 and a 52 week high of $539.15. The stock has a 50 day simple moving average of $514.92 and a two-hundred day simple moving average of $491.12.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.