Clearstead Trust LLC Purchases 7,527 Shares of Invesco QQQ (NASDAQ:QQQ)

Clearstead Trust LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 137,247 shares of the exchange traded fund’s stock after buying an additional 7,527 shares during the period. Invesco QQQ makes up about 15.4% of Clearstead Trust LLC’s holdings, making the stock its biggest holding. Clearstead Trust LLC’s holdings in Invesco QQQ were worth $56,205,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of QQQ. SYM FINANCIAL Corp increased its stake in shares of Invesco QQQ by 5.4% in the fourth quarter. SYM FINANCIAL Corp now owns 1,116 shares of the exchange traded fund’s stock worth $457,000 after buying an additional 57 shares during the last quarter. NTV Asset Management LLC increased its position in shares of Invesco QQQ by 1.0% in the 4th quarter. NTV Asset Management LLC now owns 77,619 shares of the exchange traded fund’s stock worth $31,787,000 after purchasing an additional 753 shares during the last quarter. Avidian Wealth Solutions LLC raised its stake in shares of Invesco QQQ by 8.6% in the 4th quarter. Avidian Wealth Solutions LLC now owns 4,574 shares of the exchange traded fund’s stock valued at $1,873,000 after purchasing an additional 364 shares in the last quarter. TCG Advisory Services LLC raised its stake in shares of Invesco QQQ by 20.2% in the 4th quarter. TCG Advisory Services LLC now owns 15,979 shares of the exchange traded fund’s stock valued at $6,544,000 after purchasing an additional 2,683 shares in the last quarter. Finally, First National Trust Co lifted its position in shares of Invesco QQQ by 27.3% during the fourth quarter. First National Trust Co now owns 6,843 shares of the exchange traded fund’s stock worth $2,802,000 after purchasing an additional 1,468 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 2.0 %

NASDAQ:QQQ traded up $8.58 during trading hours on Friday, reaching $435.48. 48,515,252 shares of the stock were exchanged, compared to its average volume of 48,759,256. The firm has a 50 day simple moving average of $436.53 and a 200-day simple moving average of $412.18. Invesco QQQ has a 52 week low of $315.11 and a 52 week high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, March 18th.

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.