Valmark Advisers Inc. Grows Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Valmark Advisers Inc. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,170 shares of the exchange traded fund’s stock after purchasing an additional 297 shares during the period. Valmark Advisers Inc.’s holdings in Invesco QQQ were worth $5,710,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. L.M. Kohn & Company lifted its holdings in shares of Invesco QQQ by 94.7% during the fourth quarter. L.M. Kohn & Company now owns 11,223 shares of the exchange traded fund’s stock valued at $5,737,000 after purchasing an additional 5,458 shares during the last quarter. Game Plan Financial Advisors LLC raised its holdings in Invesco QQQ by 3.3% in the 4th quarter. Game Plan Financial Advisors LLC now owns 7,496 shares of the exchange traded fund’s stock worth $3,840,000 after acquiring an additional 238 shares during the last quarter. Tcfg Wealth Management LLC raised its holdings in Invesco QQQ by 1.1% in the 4th quarter. Tcfg Wealth Management LLC now owns 3,026 shares of the exchange traded fund’s stock worth $1,547,000 after acquiring an additional 32 shares during the last quarter. MN Wealth Advisors LLC raised its holdings in Invesco QQQ by 10.8% in the 4th quarter. MN Wealth Advisors LLC now owns 707 shares of the exchange traded fund’s stock worth $362,000 after acquiring an additional 69 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in Invesco QQQ by 81.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 15,548 shares of the exchange traded fund’s stock worth $7,949,000 after acquiring an additional 6,969 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $538.15 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The company has a 50 day moving average of $522.38 and a 200 day moving average of $497.86.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.8347 dividend. 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.