Invesco QQQ $QQQ is Flagship Wealth Advisors LLC’s Largest Position

Flagship Wealth Advisors LLC increased its position in Invesco QQQ (NASDAQ:QQQFree Report) by 5.5% in the 4th quarter, HoldingsChannel reports. The fund owned 44,161 shares of the exchange traded fund’s stock after purchasing an additional 2,300 shares during the period. Invesco QQQ accounts for about 7.9% of Flagship Wealth Advisors LLC’s holdings, making the stock its biggest position. Flagship Wealth Advisors LLC’s holdings in Invesco QQQ were worth $27,129,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after buying an additional 176 shares in the last quarter. Jupiter Wealth Management LLC purchased a new position in Invesco QQQ during the 2nd quarter valued at about $290,000. Wealth Group Ltd. grew its holdings in Invesco QQQ by 283.7% during the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after buying an additional 18,210 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Invesco QQQ by 1,057.3% during the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock valued at $18,239,000 after buying an additional 30,206 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.5%

QQQ stock opened at $740.61 on Friday. Invesco QQQ has a twelve month low of $522.66 and a twelve month high of $748.65. The stock has a 50-day simple moving average of $664.57 and a two-hundred day simple moving average of $630.59.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

Key Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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