Ibex Wealth Advisors Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Ibex Wealth Advisors bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,361 shares of the exchange traded fund’s stock, valued at approximately $6,319,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. International Assets Investment Management LLC raised its holdings in Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after acquiring an additional 32,516,210 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Invesco QQQ by 13.0% in 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. CHURCHILL MANAGEMENT Corp increased its position in shares of Invesco QQQ by 0.8% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock worth $940,676,000 after purchasing an additional 13,772 shares during the period. Stifel Financial Corp raised its stake in Invesco QQQ by 0.3% in the third quarter. Stifel Financial Corp now owns 871,333 shares of the exchange traded fund’s stock valued at $425,324,000 after purchasing an additional 2,572 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in Invesco QQQ by 2.3% during the third quarter. Rockefeller Capital Management L.P. now owns 849,259 shares of the exchange traded fund’s stock worth $414,429,000 after purchasing an additional 18,833 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock opened at $520.83 on Thursday. The company’s 50-day moving average price is $518.51 and its two-hundred day moving average price is $493.56. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently disclosed 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 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.