McAdam LLC Buys 207 Shares of Invesco QQQ (NASDAQ:QQQ)

McAdam LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,749 shares of the exchange traded fund’s stock after purchasing an additional 207 shares during the quarter. McAdam LLC’s holdings in Invesco QQQ were worth $1,535,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Red Tortoise LLC boosted its holdings in Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 74 shares during the period. Friedenthal Financial purchased a new position in shares of Invesco QQQ during the fourth quarter valued at about $41,000. Bear Mountain Capital Inc. bought a new stake in Invesco QQQ during the fourth quarter worth about $42,000. Core Wealth Advisors Inc. boosted its stake in Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares during the last quarter. Finally, Blume Capital Management Inc. boosted its holdings in Invesco QQQ by 104.0% in the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 3,500 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock traded up $1.04 during trading on Monday, reaching $432.04. The company had a trading volume of 11,954,538 shares, compared to its average volume of 45,712,230. Invesco QQQ has a 52 week low of $315.11 and a 52 week high of $449.34. The firm’s 50-day simple moving average is $436.88 and its 200 day simple moving average is $410.68.

Invesco QQQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.53%.

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.