Miller Financial Services LLC Takes Position in Invesco QQQ (NASDAQ:QQQ)

Miller Financial Services LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,230 shares of the exchange traded fund’s stock, valued at approximately $629,000.

A number of other institutional investors also recently modified their holdings of the company. Stephens Consulting LLC raised its position in Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after purchasing an additional 19 shares during the last quarter. Planning Capital Management Corp raised its position in Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after purchasing an additional 20 shares during the last quarter. Cardinal Point Capital Management ULC raised its position in Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after purchasing an additional 20 shares during the last quarter. Hoese & Co LLP raised its position in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. raised its position in Invesco QQQ by 1.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock worth $559,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $472.73 on Tuesday. The company has a 50 day moving average price of $517.98 and a 200 day moving average price of $504.13. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The stock has a market capitalization of $297.94 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.