Avondale Wealth Management Has $15.49 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Avondale Wealth Management decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,301 shares of the exchange traded fund’s stock after selling 266 shares during the period. Invesco QQQ makes up approximately 9.9% of Avondale Wealth Management’s investment portfolio, making the stock its 3rd biggest position. Avondale Wealth Management’s holdings in Invesco QQQ were worth $15,491,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in QQQ. Lantz Financial LLC bought a new stake in shares of Invesco QQQ in the 2nd quarter worth about $214,000. Campbell Wealth Management raised its position in Invesco QQQ by 3.7% during the second quarter. Campbell Wealth Management now owns 159,061 shares of the exchange traded fund’s stock valued at $76,208,000 after purchasing an additional 5,603 shares during the period. Cibc World Market Inc. lifted its stake in shares of Invesco QQQ by 15.7% in the 2nd quarter. Cibc World Market Inc. now owns 329,918 shares of the exchange traded fund’s stock valued at $158,067,000 after purchasing an additional 44,863 shares during the last quarter. Y.D. More Investments Ltd boosted its holdings in shares of Invesco QQQ by 0.6% in the 2nd quarter. Y.D. More Investments Ltd now owns 28,259 shares of the exchange traded fund’s stock worth $13,537,000 after purchasing an additional 155 shares during the period. Finally, Johnson Investment Counsel Inc. increased its position in shares of Invesco QQQ by 23.7% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 73,819 shares of the exchange traded fund’s stock valued at $35,367,000 after purchasing an additional 14,123 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 1.4 %

NASDAQ QQQ traded down $7.01 during trading on Friday, hitting $508.26. The stock had a trading volume of 15,030,130 shares, compared to its average volume of 30,268,389. The stock has a 50 day simple moving average of $514.52 and a 200 day simple moving average of $490.73. Invesco QQQ has a one year low of $402.92 and a one year high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend 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.