Madden Advisory Services Inc. Purchases 375 Shares of Invesco QQQ (NASDAQ:QQQ)

Madden Advisory Services Inc. boosted its position in Invesco QQQ (NASDAQ:QQQ) by 15.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,862 shares of the exchange traded fund’s stock after purchasing an additional 375 shares during the period. Madden Advisory Services Inc.’s holdings in Invesco QQQ were worth $1,463,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CreativeOne Wealth LLC raised its stake in shares of Invesco QQQ by 8.5% during the 4th quarter. CreativeOne Wealth LLC now owns 64,467 shares of the exchange traded fund’s stock worth $32,958,000 after purchasing an additional 5,051 shares during the period. Mariner LLC raised its position in Invesco QQQ by 29.2% in the fourth quarter. Mariner LLC now owns 982,519 shares of the exchange traded fund’s stock worth $502,294,000 after acquiring an additional 221,893 shares during the period. Peninsula Wealth LLC boosted its stake in Invesco QQQ by 0.7% in the fourth quarter. Peninsula Wealth LLC now owns 32,533 shares of the exchange traded fund’s stock valued at $16,632,000 after acquiring an additional 215 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its stake in Invesco QQQ by 6.1% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 8,758 shares of the exchange traded fund’s stock valued at $4,477,000 after acquiring an additional 500 shares during the last quarter. Finally, Garner Asset Management Corp grew its position in shares of Invesco QQQ by 5.5% during the 4th quarter. Garner Asset Management Corp now owns 24,939 shares of the exchange traded fund’s stock valued at $12,750,000 after acquiring an additional 1,294 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.8 %

NASDAQ:QQQ opened at $454.40 on Monday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The firm’s 50 day moving average is $490.33 and its 200 day moving average is $502.54. The stock has a market capitalization of $283.95 billion, a PE ratio of 30.05 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date of this dividend 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.