Invesco QQQ (NASDAQ:QQQ) is Regal Investment Advisors LLC’s 2nd Largest Position

Regal Investment Advisors LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 64,741 shares of the exchange traded fund’s stock after acquiring an additional 1,378 shares during the period. Invesco QQQ accounts for approximately 2.5% of Regal Investment Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Regal Investment Advisors LLC’s holdings in Invesco QQQ were worth $33,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of QQQ. United Capital Financial Advisors LLC boosted its position in shares of Invesco QQQ by 1.0% during the fourth quarter. United Capital Financial Advisors LLC now owns 46,844 shares of the exchange traded fund’s stock worth $23,948,000 after acquiring an additional 479 shares during the last quarter. CacheTech Inc. purchased a new stake in Invesco QQQ in the 4th quarter worth $855,000. Kane Investment Management Inc. purchased a new stake in Invesco QQQ in the 4th quarter worth $2,965,000. Lafayette Investments Inc. bought a new position in shares of Invesco QQQ during the 4th quarter valued at about $303,000. Finally, AGP Franklin LLC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at about $1,739,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.7 %

NASDAQ:QQQ opened at $457.48 on Tuesday. The business’s 50-day moving average is $488.94 and its 200 day moving average is $502.33. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The company has a market capitalization of $285.88 billion, a P/E ratio of 30.05 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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

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.