Beacon Investment Advisory Services Inc. Has $1.64 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Beacon Investment Advisory Services Inc. raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 53.1% in the 4th quarter, Holdings Channel reports. The firm owned 3,207 shares of the exchange traded fund’s stock after acquiring an additional 1,112 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Invesco QQQ were worth $1,640,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. Hoese & Co LLP grew its holdings in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC boosted its position in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares in the last quarter. BNP Paribas acquired a new stake in Invesco QQQ in the third quarter valued at approximately $62,000. Brooklyn Investment Group bought a new stake in shares of Invesco QQQ during the fourth quarter worth $69,000. Finally, Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after buying an additional 63 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $532.64 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The business’s fifty day moving average is $516.72 and its 200 day moving average is $492.81.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid 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.