Physician Wealth Advisors Inc. Raises Stake in Invesco QQQ (NASDAQ:QQQ)

Physician Wealth Advisors Inc. raised its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 23.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,409 shares of the exchange traded fund’s stock after acquiring an additional 824 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in Invesco QQQ were worth $1,859,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in QQQ. VisionPoint Advisory Group LLC acquired a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $36,000. Russell Investments Group Ltd. bought a new stake in shares of Invesco QQQ in the 2nd quarter worth approximately $44,000. Core Wealth Advisors Inc. increased its holdings in shares of Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 30 shares during the last quarter. Blume Capital Management Inc. increased its holdings in Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 3,500 shares during the period. Finally, Investors Research Corp grew its holdings in shares of Invesco QQQ by 83.5% during the second quarter. Investors Research Corp now owns 156 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 71 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.9 %

NASDAQ QQQ traded down $3.84 during midday trading on Tuesday, hitting $441.11. 44,054,931 shares of the company traded hands, compared to its average volume of 44,876,992. Invesco QQQ has a 52 week low of $309.89 and a 52 week high of $449.34. The company’s 50-day simple moving average is $435.38 and its 200-day simple moving average is $401.29.

Invesco QQQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Monday, March 18th.

Invesco QQQ Company 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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