Graney & King LLC Purchases Shares of 222 Invesco QQQ (NASDAQ:QQQ)

Graney & King LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 222 shares of the exchange traded fund’s stock, valued at approximately $113,000.

Other large investors have also modified their holdings of the company. Excalibur Management Corp increased its stake in Invesco QQQ by 11.4% in the fourth quarter. Excalibur Management Corp now owns 1,371 shares of the exchange traded fund’s stock valued at $701,000 after acquiring an additional 140 shares during the period. Core Wealth Partners LLC raised its holdings in shares of Invesco QQQ by 3.7% in the 4th quarter. Core Wealth Partners LLC now owns 2,200 shares of the exchange traded fund’s stock worth $1,124,000 after buying an additional 78 shares in the last quarter. Ausdal Financial Partners Inc. lifted its position in shares of Invesco QQQ by 9.1% during the 4th quarter. Ausdal Financial Partners Inc. now owns 29,215 shares of the exchange traded fund’s stock worth $14,936,000 after buying an additional 2,443 shares during the period. Morey & Quinn Wealth Partners LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at $342,000. Finally, Ipsen Advisor Group LLC bought a new stake in Invesco QQQ in the fourth quarter valued at $1,577,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $493.46 on Wednesday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The business has a fifty day moving average of $510.77 and a two-hundred day moving average of $504.97. The stock has a market cap of $311.00 billion, a PE ratio of 30.74 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. Shareholders of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

Invesco QQQ Company 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.