Milestone Asset Management LLC Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

Milestone Asset Management LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 39.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,507 shares of the exchange traded fund’s stock after purchasing an additional 1,272 shares during the period. Milestone Asset Management LLC’s holdings in Invesco QQQ were worth $2,304,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. USAdvisors Wealth Management LLC boosted its stake in shares of Invesco QQQ by 5.6% in the 4th quarter. USAdvisors Wealth Management LLC now owns 65,085 shares of the exchange traded fund’s stock worth $33,273,000 after buying an additional 3,479 shares during the last quarter. Ibex Wealth Advisors purchased a new position in shares of Invesco QQQ in the 4th quarter worth $6,319,000. Applied Capital LLC boosted its stake in shares of Invesco QQQ by 37.7% in the 4th quarter. Applied Capital LLC now owns 1,268 shares of the exchange traded fund’s stock worth $648,000 after buying an additional 347 shares during the last quarter. Strategic Blueprint LLC raised its holdings in Invesco QQQ by 4.0% in the 4th quarter. Strategic Blueprint LLC now owns 17,816 shares of the exchange traded fund’s stock worth $9,108,000 after purchasing an additional 691 shares during the period. Finally, Iams Wealth Management LLC raised its holdings in Invesco QQQ by 9.5% in the 4th quarter. Iams Wealth Management LLC now owns 25,184 shares of the exchange traded fund’s stock worth $12,875,000 after purchasing an additional 2,185 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.2 %

Shares of Invesco QQQ stock opened at $520.83 on Thursday. The stock’s fifty day moving average is $518.51 and its 200 day moving average is $493.56. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently declared 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 was Monday, December 23rd.

About Invesco QQQ

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.