McLean Asset Management Corp Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ)

McLean Asset Management Corp grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,251 shares of the exchange traded fund’s stock after purchasing an additional 50 shares during the period. McLean Asset Management Corp’s holdings in Invesco QQQ were worth $640,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. waypoint wealth counsel increased its stake in Invesco QQQ by 112.8% in the 4th quarter. waypoint wealth counsel now owns 3,890 shares of the exchange traded fund’s stock worth $1,989,000 after buying an additional 2,062 shares during the period. KBC Group NV bought a new position in Invesco QQQ in the 4th quarter worth about $163,000. Union Bancaire Privee UBP SA purchased a new position in shares of Invesco QQQ during the fourth quarter worth approximately $14,209,000. Capital Asset Advisory Services LLC raised its stake in shares of Invesco QQQ by 7.6% during the fourth quarter. Capital Asset Advisory Services LLC now owns 7,265 shares of the exchange traded fund’s stock valued at $3,767,000 after acquiring an additional 514 shares in the last quarter. Finally, Cathy Pareto & Associates Inc. purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $421,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $513.93 on Tuesday. The business’s 50 day moving average is $517.86 and its 200 day moving average is $493.21. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid 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.