Brighton Jones LLC Grows Stock Position in Invesco QQQ (NASDAQ:QQQ)

Brighton Jones LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 13.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 27,958 shares of the exchange traded fund’s stock after acquiring an additional 3,233 shares during the quarter. Brighton Jones LLC’s holdings in Invesco QQQ were worth $11,449,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in QQQ. Harbor Capital Advisors Inc. acquired a new stake in shares of Invesco QQQ during the 3rd quarter worth about $173,000. FAS Wealth Partners Inc. acquired a new stake in Invesco QQQ in the third quarter valued at $1,339,000. Home Federal Bank of Tennessee grew its holdings in Invesco QQQ by 9.8% during the 3rd quarter. Home Federal Bank of Tennessee now owns 4,622 shares of the exchange traded fund’s stock valued at $1,656,000 after buying an additional 414 shares during the last quarter. RMR Wealth Builders lifted its position in shares of Invesco QQQ by 0.8% in the third quarter. RMR Wealth Builders now owns 16,671 shares of the exchange traded fund’s stock valued at $5,973,000 after acquiring an additional 125 shares in the last quarter. Finally, Suncoast Equity Management acquired a new position in Invesco QQQ in the 3rd quarter valued at about $238,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ traded down $8.16 on Tuesday, hitting $424.59. 42,556,273 shares of the stock were exchanged, compared to its average volume of 45,909,301. The stock has a fifty day moving average of $436.92 and a 200-day moving average of $411.12. Invesco QQQ has a fifty-two week low of $315.11 and a fifty-two week high of $449.34.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.54%.

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.