Magnolia Capital Advisors LLC Purchases Shares of 740 Invesco QQQ Trust (NASDAQ:QQQ)

Magnolia Capital Advisors LLC purchased a new stake in Invesco QQQ Trust (NASDAQ:QQQ) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 740 shares of the exchange traded fund’s stock, valued at approximately $315,000.

A number of other institutional investors have also recently bought and sold shares of QQQ. 180 Wealth Advisors LLC lifted its position in shares of Invesco QQQ Trust by 1.2% in the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after purchasing an additional 29 shares in the last quarter. Bank Hapoalim BM lifted its position in shares of Invesco QQQ Trust by 6.3% in the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after purchasing an additional 4,549 shares in the last quarter. Goodwin Daniel L lifted its position in shares of Invesco QQQ Trust by 76.1% in the third quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock worth $2,069,000 after purchasing an additional 2,495 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Invesco QQQ Trust by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after purchasing an additional 243,305 shares in the last quarter. Finally, VitalStone Financial LLC lifted its position in shares of Invesco QQQ Trust by 302.0% in the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after purchasing an additional 16,079 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trust Stock Performance

NASDAQ QQQ traded up $1.44 on Wednesday, hitting $426.51. 46,222,772 shares of the stock were exchanged, compared to its average volume of 46,039,938. The business’s fifty day moving average is $437.07 and its 200 day moving average is $409.56. Invesco QQQ Trust has a 52 week low of $309.89 and a 52 week high of $449.34.

Invesco QQQ Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

Invesco QQQ Trust 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.