Invesco QQQ (NASDAQ:QQQ) Stake Lifted by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 2.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 8,617 shares of the exchange traded fund’s stock after buying an additional 198 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Invesco QQQ were worth $4,406,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SOA Wealth Advisors LLC. boosted its position in shares of Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after buying an additional 46 shares during the period. KMG Fiduciary Partners LLC raised its stake in Invesco QQQ by 7.2% during the 3rd quarter. KMG Fiduciary Partners LLC now owns 756 shares of the exchange traded fund’s stock valued at $369,000 after acquiring an additional 51 shares in the last quarter. ST Germain D J Co. Inc. grew its stake in shares of Invesco QQQ by 1.9% in the third quarter. ST Germain D J Co. Inc. now owns 1,302 shares of the exchange traded fund’s stock worth $635,000 after purchasing an additional 24 shares in the last quarter. Gries Financial LLC increased its holdings in shares of Invesco QQQ by 59.2% during the third quarter. Gries Financial LLC now owns 13,478 shares of the exchange traded fund’s stock valued at $6,578,000 after purchasing an additional 5,010 shares during the period. Finally, Clarity Wealth Advisors LLC increased its holdings in shares of Invesco QQQ by 2.3% during the third quarter. Clarity Wealth Advisors LLC now owns 51,601 shares of the exchange traded fund’s stock valued at $25,185,000 after purchasing an additional 1,170 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4 %

QQQ stock opened at $538.15 on Monday. The company has a 50-day simple moving average of $522.38 and a 200 day simple moving average of $498.14. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given 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.