Invesco QQQ (NASDAQ:QQQ) Holdings Raised by USAdvisors Wealth Management LLC

USAdvisors Wealth Management LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 5.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,085 shares of the exchange traded fund’s stock after purchasing an additional 3,479 shares during the period. Invesco QQQ comprises 10.9% of USAdvisors Wealth Management LLC’s investment portfolio, making the stock its biggest position. USAdvisors Wealth Management LLC’s holdings in Invesco QQQ were worth $33,273,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Hoese & Co LLP grew its position in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC lifted its stake in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares in the last quarter. BNP Paribas acquired a new stake in Invesco QQQ during the 3rd quarter valued at $62,000. Brooklyn Investment Group purchased a new position in Invesco QQQ during the fourth quarter worth $69,000. Finally, Pacifica Partners Inc. acquired a new position in shares of Invesco QQQ in the fourth quarter worth $73,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $520.83 on Thursday. The stock’s fifty day simple moving average is $518.51 and its 200-day simple moving average is $493.56. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Dividend Announcement

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

Invesco QQQ 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.