Eclectic Associates Inc. ADV Grows Position in Invesco QQQ (NASDAQ:QQQ)

Eclectic Associates Inc. ADV increased its position in Invesco QQQ (NASDAQ:QQQ) by 636.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,292 shares of the exchange traded fund’s stock after purchasing an additional 8,030 shares during the period. Invesco QQQ comprises 1.4% of Eclectic Associates Inc. ADV’s investment portfolio, making the stock its 17th largest position. Eclectic Associates Inc. ADV’s holdings in Invesco QQQ were worth $4,750,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in QQQ. International Assets Investment Management LLC boosted its stake in Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after purchasing an additional 32,516,210 shares during the last quarter. Granite Bay Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after purchasing an additional 894,532 shares in the last quarter. Toronto Dominion Bank raised its position in Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after buying an additional 488,815 shares during the last quarter. Empirical Asset Management LLC raised its position in Invesco QQQ by 15,676.3% in the 4th quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after buying an additional 201,597 shares during the last quarter. Finally, Main Management ETF Advisors LLC lifted its stake in Invesco QQQ by 33.5% during the 3rd quarter. Main Management ETF Advisors LLC now owns 731,920 shares of the exchange traded fund’s stock valued at $357,228,000 after acquiring an additional 183,550 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.6 %

Shares of QQQ stock opened at $529.63 on Friday. The company has a 50 day moving average price of $517.20 and a 200-day moving average price of $493.09. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.