Avise Financial Cooperative Inc. Makes New $816,000 Investment in Invesco QQQ $QQQ

Avise Financial Cooperative Inc. bought a new position in Invesco QQQ (NASDAQ:QQQFree Report) in the 4th quarter, Holdings Channel reports. The firm bought 1,329 shares of the exchange traded fund’s stock, valued at approximately $816,000. Invesco QQQ makes up 0.7% of Avise Financial Cooperative Inc.’s investment portfolio, making the stock its 28th biggest holding.

Several other hedge funds have also made changes to their positions in QQQ. Goodman Advisory Group LLC bought a new position in shares of Invesco QQQ in the 3rd quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 43 shares in the last quarter. Shcp LLC bought a new position in shares of Invesco QQQ in the 3rd quarter worth $27,000. Rachor Investment Advisory Services LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth $29,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Invesco QQQ in the 3rd quarter worth $40,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ opened at $740.61 on Friday. Invesco QQQ has a 12 month low of $522.66 and a 12 month high of $748.65. The stock has a fifty day moving average price of $664.57 and a 200-day moving average price of $630.59.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.7328 dividend. This represents a $2.93 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

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About Invesco QQQ

(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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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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