Resources Management Corp CT ADV Grows Holdings in Invesco QQQ $QQQ

Resources Management Corp CT ADV grew its stake in Invesco QQQ (NASDAQ:QQQ) by 467.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,022 shares of the exchange traded fund’s stock after buying an additional 842 shares during the quarter. Resources Management Corp CT ADV’s holdings in Invesco QQQ were worth $628,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Goodman Advisory Group LLC purchased a new position in Invesco QQQ in the 3rd quarter worth approximately $25,000. Shcp LLC purchased a new stake in shares of Invesco QQQ in the 3rd quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 43 shares in the last quarter. Rachor Investment Advisory Services LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Invesco QQQ in the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 3.1%

Shares of Invesco QQQ stock opened at $744.00 on Tuesday. Invesco QQQ has a 52-week low of $523.65 and a 52-week high of $748.65. The company has a fifty day moving average of $684.09 and a 200-day moving average of $636.34.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%.

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.