Bare Financial Services Inc Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Bare Financial Services Inc purchased a new position in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 356 shares of the exchange traded fund’s stock, valued at approximately $146,000. Invesco QQQ comprises approximately 0.3% of Bare Financial Services Inc’s investment portfolio, making the stock its 26th biggest holding.

Other large investors also recently modified their holdings of the company. IMA Wealth Inc. raised its stake in Invesco QQQ by 1.3% during the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after buying an additional 25 shares during the last quarter. S.A. Mason LLC raised its stake in Invesco QQQ by 1.5% during the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after buying an additional 25 shares during the last quarter. Lauterbach Financial Advisors LLC raised its stake in Invesco QQQ by 0.4% during the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after buying an additional 25 shares during the last quarter. Cedrus LLC raised its stake in Invesco QQQ by 1.7% during the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after buying an additional 25 shares during the last quarter. Finally, Waterfront Wealth Inc. increased its stake in shares of Invesco QQQ by 3.1% in the 4th quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock worth $344,000 after purchasing an additional 25 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 1.3 %

Shares of NASDAQ:QQQ traded up $5.38 during midday trading on Thursday, hitting $426.90. The company had a trading volume of 34,790,329 shares, compared to its average volume of 45,875,086. Invesco QQQ has a 12-month low of $315.11 and a 12-month high of $449.34. The company has a fifty day moving average of $436.78 and a two-hundred day moving average of $411.61.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were paid a $0.5735 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.54%.

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.