Empirical Financial Services LLC d.b.a. Empirical Wealth Management Raises Holdings in Invesco QQQ $QQQ

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Invesco QQQ (NASDAQ:QQQFree Report) by 4.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 28,078 shares of the exchange traded fund’s stock after purchasing an additional 1,203 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Invesco QQQ were worth $17,248,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Well Done LLC raised its holdings in shares of Invesco QQQ by 0.5% in the 4th 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 period. Orgel Wealth Management LLC grew its holdings in shares of Invesco QQQ by 4.7% during the 3rd quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund’s stock worth $229,000 after purchasing an additional 17 shares during the period. Enclave Advisors LLC grew its holdings in shares of Invesco QQQ by 0.9% during the 3rd quarter. Enclave Advisors LLC now owns 1,831 shares of the exchange traded fund’s stock worth $1,099,000 after purchasing an additional 17 shares during the period. IFS Advisors LLC increased its position in Invesco QQQ by 4.1% during the 3rd quarter. IFS Advisors LLC now owns 431 shares of the exchange traded fund’s stock worth $259,000 after purchasing an additional 17 shares in the last quarter. Finally, Mezzasalma Advisors LLC increased its position in Invesco QQQ by 0.5% during the 3rd quarter. Mezzasalma Advisors LLC now owns 3,312 shares of the exchange traded fund’s stock worth $1,988,000 after purchasing an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Key Stories Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $584.31 on Thursday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The company’s 50 day moving average price is $603.55 and its 200 day moving average price is $609.38.

Invesco QQQ Cuts Dividend

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

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.

Further Reading

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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