Avaii Wealth Management LLC Has $5.09 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Avaii Wealth Management LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,953 shares of the exchange traded fund’s stock after purchasing an additional 200 shares during the quarter. Invesco QQQ comprises approximately 2.5% of Avaii Wealth Management LLC’s holdings, making the stock its 12th largest holding. Avaii Wealth Management LLC’s holdings in Invesco QQQ were worth $5,088,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. Hoese & Co LLP boosted its holdings in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the last quarter. Legacy Bridge LLC raised its position in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the period. BNP Paribas bought a new position in Invesco QQQ during the 3rd quarter worth approximately $62,000. Brooklyn Investment Group acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $69,000. Finally, Ritter Daniher Financial Advisory LLC DE increased its stake in Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.6 %

QQQ opened at $529.63 on Monday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The firm’s fifty day moving average is $517.86 and its two-hundred day moving average is $493.28.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend 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.