Northstar Advisory Group LLC Has $2.63 Million Position in Invesco QQQ (NASDAQ:QQQ)

Northstar Advisory Group LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 28.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,421 shares of the exchange traded fund’s stock after selling 2,543 shares during the quarter. Invesco QQQ comprises about 1.6% of Northstar Advisory Group LLC’s investment portfolio, making the stock its 19th largest position. Northstar Advisory Group LLC’s holdings in Invesco QQQ were worth $2,630,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of QQQ. VisionPoint Advisory Group LLC bought a new stake in Invesco QQQ in the 2nd quarter valued at approximately $36,000. Russell Investments Group Ltd. bought a new stake in Invesco QQQ in the 2nd quarter valued at approximately $44,000. Core Wealth Advisors Inc. lifted its stake in Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 30 shares in the last quarter. Blume Capital Management Inc. lifted its stake in Invesco QQQ by 104.0% in the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Investors Research Corp lifted its stake in Invesco QQQ by 83.5% in the 2nd quarter. Investors Research Corp now owns 156 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 71 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $444.19 on Thursday. The stock’s 50 day moving average price is $433.08 and its two-hundred day moving average price is $399.34. Invesco QQQ has a 52 week low of $309.89 and a 52 week high of $449.34.

Invesco QQQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Monday, March 18th.

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.