Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Advisor OS LLC

Advisor OS LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,504 shares of the exchange traded fund’s stock after purchasing an additional 344 shares during the period. Advisor OS LLC’s holdings in Invesco QQQ were worth $2,814,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Lake Street Advisors Group LLC grew its stake in shares of Invesco QQQ by 2.5% in the fourth quarter. Lake Street Advisors Group LLC now owns 20,250 shares of the exchange traded fund’s stock valued at $10,352,000 after buying an additional 498 shares in the last quarter. JFG Wealth Management LLC increased its position in shares of Invesco QQQ by 1.3% in the 4th quarter. JFG Wealth Management LLC now owns 4,066 shares of the exchange traded fund’s stock worth $2,078,000 after purchasing an additional 54 shares during the last quarter. NCP Inc. increased its holdings in Invesco QQQ by 0.7% in the fourth quarter. NCP Inc. now owns 6,574 shares of the exchange traded fund’s stock valued at $3,361,000 after buying an additional 44 shares during the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $1,822,000. Finally, Cavalier Investments LLC raised its holdings in shares of Invesco QQQ by 173.7% during the fourth quarter. Cavalier Investments LLC now owns 142,589 shares of the exchange traded fund’s stock worth $72,896,000 after purchasing an additional 90,487 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.3 %

Shares of QQQ stock opened at $513.32 on Wednesday. The company has a market cap of $326.50 billion, a P/E ratio of 33.43 and a beta of 1.09. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The business has a 50 day moving average of $522.57 and a two-hundred day moving average of $502.54.

Invesco QQQ Announces Dividend

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.