Avion Wealth Buys 360 Shares of Invesco QQQ (NASDAQ:QQQ)

Avion Wealth lifted its position in Invesco QQQ (NASDAQ:QQQ) by 66.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 899 shares of the exchange traded fund’s stock after purchasing an additional 360 shares during the quarter. Avion Wealth’s holdings in Invesco QQQ were worth $459,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC increased its stake in shares of Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after buying an additional 32,516,210 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after purchasing an additional 488,815 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares in the last quarter. CHURCHILL MANAGEMENT Corp raised its position in Invesco QQQ by 0.8% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock worth $940,676,000 after purchasing an additional 13,772 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in Invesco QQQ by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 871,333 shares of the exchange traded fund’s stock worth $425,324,000 after buying an additional 2,572 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $527.99 on Wednesday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15. The stock has a fifty day moving average of $521.54 and a 200-day moving average of $496.40.

Invesco QQQ Dividend Announcement

The company also recently disclosed 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.

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.