Morey & Quinn Wealth Partners LLC Takes Position in Invesco QQQ (NASDAQ:QQQ)

Morey & Quinn Wealth Partners LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 670 shares of the exchange traded fund’s stock, valued at approximately $342,000.

A number of other institutional investors have also made changes to their positions in QQQ. Ipsen Advisor Group LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $1,577,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Invesco QQQ in the fourth quarter valued at about $85,000. Wambolt & Associates LLC lifted its position in shares of Invesco QQQ by 31.9% during the 4th quarter. Wambolt & Associates LLC now owns 810 shares of the exchange traded fund’s stock valued at $414,000 after acquiring an additional 196 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Invesco QQQ by 1,092.0% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 121,504 shares of the exchange traded fund’s stock worth $62,116,000 after acquiring an additional 111,311 shares in the last quarter. Finally, Florida Financial Advisors LLC raised its stake in Invesco QQQ by 8.6% during the fourth quarter. Florida Financial Advisors LLC now owns 22,402 shares of the exchange traded fund’s stock worth $11,453,000 after acquiring an additional 1,766 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.6 %

Shares of QQQ stock opened at $493.46 on Wednesday. The stock’s fifty day simple moving average is $510.77 and its 200 day simple moving average is $504.97. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The firm has a market capitalization of $311.00 billion, a P/E ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.