MONECO Advisors LLC Purchases 957 Shares of Invesco QQQ (NASDAQ:QQQ)

MONECO Advisors LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,043 shares of the exchange traded fund’s stock after acquiring an additional 957 shares during the quarter. MONECO Advisors LLC’s holdings in Invesco QQQ were worth $4,623,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Strategic Financial Concepts LLC grew its position in Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after buying an additional 4,105,389 shares during the period. Toronto Dominion Bank boosted its position in Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after purchasing an additional 488,815 shares during the period. Cibc World Market Inc. boosted its position in Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after purchasing an additional 324,948 shares during the period. Bell Bank boosted its position in Invesco QQQ by 112.7% during the fourth quarter. Bell Bank now owns 381,080 shares of the exchange traded fund’s stock worth $194,820,000 after purchasing an additional 201,918 shares during the period. Finally, Empirical Asset Management LLC boosted its position in Invesco QQQ by 15,676.3% during the fourth quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after purchasing an additional 201,597 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.1 %

Shares of NASDAQ:QQQ opened at $526.08 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The company has a 50-day moving average price of $523.39 and a two-hundred day moving average price of $501.12.

Invesco QQQ Announces Dividend

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

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.