SeaCrest Wealth Management LLC Has $9.62 Million Position in Invesco QQQ (NASDAQ:QQQ)

SeaCrest Wealth Management LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,249 shares of the exchange traded fund’s stock after purchasing an additional 1,191 shares during the quarter. Invesco QQQ makes up 1.2% of SeaCrest Wealth Management LLC’s portfolio, making the stock its 9th biggest holding. SeaCrest Wealth Management LLC’s holdings in Invesco QQQ were worth $9,621,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ironwood Wealth Management LLC. lifted its position in shares of Invesco QQQ by 7.4% in the first quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock worth $1,996,000 after buying an additional 381 shares in the last quarter. Axiom Financial Strategies LLC boosted its position in shares of Invesco QQQ by 11.6% during the 1st quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock valued at $255,000 after acquiring an additional 85 shares during the last quarter. Roundview Capital LLC lifted its position in Invesco QQQ by 0.9% during the first quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock valued at $19,332,000 after purchasing an additional 495 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Invesco QQQ by 11.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock worth $997,000 after buying an additional 278 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Invesco QQQ by 309.2% in the 1st quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock worth $162,000 after buying an additional 337 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.2 %

Shares of NASDAQ:QQQ traded down $0.82 during trading on Thursday, reaching $444.01. The company’s stock had a trading volume of 36,607,437 shares, compared to its average volume of 44,988,266. Invesco QQQ has a 12 month low of $309.89 and a 12 month high of $449.34. The firm’s 50 day simple moving average is $433.84 and its two-hundred day simple moving average is $399.66.

Invesco QQQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.52%. 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.