Family Investment Center Inc. Acquires 2,007 Shares of Invesco QQQ (NASDAQ:QQQ)

Family Investment Center Inc. increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 204.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,991 shares of the exchange traded fund’s stock after purchasing an additional 2,007 shares during the quarter. Invesco QQQ accounts for 0.6% of Family Investment Center Inc.’s holdings, making the stock its 22nd biggest position. Family Investment Center Inc.’s holdings in Invesco QQQ were worth $1,225,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. 180 Wealth Advisors LLC grew its stake in shares of Invesco QQQ by 1.2% during the 3rd quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after acquiring an additional 29 shares in the last quarter. Goodwin Daniel L grew its stake in shares of Invesco QQQ by 76.1% during the 3rd quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock worth $2,069,000 after acquiring an additional 2,495 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Invesco QQQ by 6.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after acquiring an additional 243,305 shares in the last quarter. Cornerstone Advisors LLC grew its stake in shares of Invesco QQQ by 36.7% during the 2nd quarter. Cornerstone Advisors LLC now owns 108,000 shares of the exchange traded fund’s stock worth $39,897,000 after acquiring an additional 29,000 shares in the last quarter. Finally, Scarborough Advisors LLC grew its stake in shares of Invesco QQQ by 73.3% during the 3rd quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock worth $492,000 after acquiring an additional 581 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.3 %

Shares of QQQ opened at $443.32 on Wednesday. Invesco QQQ has a twelve month low of $304.77 and a twelve month high of $449.34. The company has a 50 day moving average of $432.41 and a 200-day moving average of $398.85.

Invesco QQQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.52%.

Invesco QQQ 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.