Vanguard Capital Wealth Advisors Makes New $293,000 Investment in Invesco QQQ (NASDAQ:QQQ)

Vanguard Capital Wealth Advisors purchased a new position in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 715 shares of the exchange traded fund’s stock, valued at approximately $293,000.

Several other large investors also recently modified their holdings of the company. Red Tortoise LLC increased its stake in Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares in the last quarter. Friedenthal Financial acquired a new position in shares of Invesco QQQ during the fourth quarter valued at about $41,000. Bear Mountain Capital Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter worth about $42,000. Core Wealth Advisors Inc. lifted its position in Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. boosted its stake in Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 3,500 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ traded down $8.16 during midday trading on Tuesday, reaching $424.59. 43,518,900 shares of the company were exchanged, compared to its average volume of 45,909,301. Invesco QQQ has a one year low of $315.11 and a one year high of $449.34. The company’s fifty day moving average price is $436.92 and its 200 day moving average price is $411.12.

Invesco QQQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Monday, March 18th.

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.