PSI Advisors LLC Purchases 1,499 Shares of Invesco QQQ (NASDAQ:QQQ)

PSI Advisors LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 63,514 shares of the exchange traded fund’s stock after purchasing an additional 1,499 shares during the period. Invesco QQQ makes up approximately 9.6% of PSI Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. PSI Advisors LLC’s holdings in Invesco QQQ were worth $32,470,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of QQQ. Rathbones Group PLC increased its holdings in Invesco QQQ by 4.3% during the 2nd quarter. Rathbones Group PLC now owns 32,665 shares of the exchange traded fund’s stock worth $15,650,000 after purchasing an additional 1,335 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Invesco QQQ by 23.5% during the second quarter. Brown Brothers Harriman & Co. now owns 14,557 shares of the exchange traded fund’s stock worth $6,974,000 after buying an additional 2,768 shares in the last quarter. Fairfield Financial Advisors LTD bought a new stake in shares of Invesco QQQ in the second quarter worth $26,557,000. Capital Wealth Planning LLC raised its holdings in Invesco QQQ by 58.9% in the second quarter. Capital Wealth Planning LLC now owns 17,470 shares of the exchange traded fund’s stock valued at $8,370,000 after acquiring an additional 6,474 shares in the last quarter. Finally, Black Diamond Financial LLC raised its holdings in Invesco QQQ by 8.0% in the second quarter. Black Diamond Financial LLC now owns 5,184 shares of the exchange traded fund’s stock valued at $2,484,000 after acquiring an additional 383 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $505.56 on Tuesday. The firm has a fifty day moving average of $515.32 and a two-hundred day moving average of $491.29. Invesco QQQ has a 1-year low of $402.92 and a 1-year high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. 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.