Brookstone Capital Management Increases Holdings in Invesco QQQ $QQQ

Brookstone Capital Management raised its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 10.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 495,804 shares of the exchange traded fund’s stock after acquiring an additional 46,391 shares during the period. Invesco QQQ makes up 3.5% of Brookstone Capital Management’s investment portfolio, making the stock its largest position. Brookstone Capital Management owned about 0.08% of Invesco QQQ worth $304,577,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Well Done LLC increased its position in shares of Invesco QQQ by 0.5% in the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock worth $2,113,000 after purchasing an additional 16 shares during the last quarter. Orgel Wealth Management LLC lifted its position in Invesco QQQ by 4.7% during the third quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund’s stock valued at $229,000 after purchasing an additional 17 shares during the last quarter. Enclave Advisors LLC lifted its position in Invesco QQQ by 0.9% during the third quarter. Enclave Advisors LLC now owns 1,831 shares of the exchange traded fund’s stock valued at $1,099,000 after purchasing an additional 17 shares during the last quarter. IFS Advisors LLC grew its stake in Invesco QQQ by 4.1% in the 3rd quarter. IFS Advisors LLC now owns 431 shares of the exchange traded fund’s stock worth $259,000 after buying an additional 17 shares in the last quarter. Finally, Mezzasalma Advisors LLC grew its stake in Invesco QQQ by 0.5% in the 3rd quarter. Mezzasalma Advisors LLC now owns 3,312 shares of the exchange traded fund’s stock worth $1,988,000 after buying an additional 17 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $558.28 on Tuesday. The company’s fifty day moving average price is $604.81 and its 200-day moving average price is $609.63. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd.

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Invesco QQQ Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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