Smart Money Group LLC Buys 238 Shares of Invesco QQQ (NASDAQ:QQQ)

Smart Money Group LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,597 shares of the exchange traded fund’s stock after acquiring an additional 238 shares during the period. Invesco QQQ accounts for 10.9% of Smart Money Group LLC’s holdings, making the stock its largest position. Smart Money Group LLC’s holdings in Invesco QQQ were worth $31,490,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. City Holding Co. increased its position in Invesco QQQ by 10.2% during the fourth quarter. City Holding Co. now owns 8,049 shares of the exchange traded fund’s stock worth $4,115,000 after acquiring an additional 743 shares during the period. Annex Advisory Services LLC grew its holdings in shares of Invesco QQQ by 54.9% during the 4th quarter. Annex Advisory Services LLC now owns 5,872 shares of the exchange traded fund’s stock worth $3,002,000 after purchasing an additional 2,080 shares in the last quarter. Client 1ST Advisory Group LLC bought a new position in Invesco QQQ in the 4th quarter valued at about $531,000. Kaydan Wealth Management Inc. raised its position in Invesco QQQ by 0.6% during the fourth quarter. Kaydan Wealth Management Inc. now owns 6,732 shares of the exchange traded fund’s stock valued at $3,442,000 after purchasing an additional 40 shares in the last quarter. Finally, Cambridge Advisors Inc. lifted its position in shares of Invesco QQQ by 5.7% during the 4th quarter. Cambridge Advisors Inc. now owns 2,633 shares of the exchange traded fund’s stock worth $1,346,000 after buying an additional 143 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.7 %

NASDAQ:QQQ opened at $521.74 on Monday. Invesco QQQ has a twelve month low of $409.16 and a twelve month high of $539.15. The stock’s 50-day simple moving average is $515.94 and its 200 day simple moving average is $492.11.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date 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.