Barnes Pettey Financial Advisors LLC Raises Stake in Invesco QQQ (NASDAQ:QQQ)

Barnes Pettey Financial Advisors LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 25.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,511 shares of the exchange traded fund’s stock after buying an additional 308 shares during the quarter. Barnes Pettey Financial Advisors LLC’s holdings in Invesco QQQ were worth $773,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in shares of Invesco QQQ by 332.0% in the second quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock valued at $5,769,000 after purchasing an additional 9,254 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Invesco QQQ during the 2nd quarter valued at approximately $104,000. Heritage Wealth Management Inc. purchased a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $290,000. Anchor Investment Management LLC grew its holdings in shares of Invesco QQQ by 1.9% in the 2nd quarter. Anchor Investment Management LLC now owns 42,196 shares of the exchange traded fund’s stock worth $20,216,000 after acquiring an additional 786 shares during the period. Finally, Alternative Investment Advisors LLC. purchased a new position in Invesco QQQ in the 2nd quarter valued at approximately $443,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4 %

Shares of NASDAQ QQQ opened at $523.05 on Friday. The firm’s 50-day moving average is $518.86 and its two-hundred day moving average is $493.75. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

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.