Avion Wealth Has $459,000 Stake in Invesco QQQ (NASDAQ:QQQ)

Avion Wealth raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 66.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 899 shares of the exchange traded fund’s stock after purchasing an additional 360 shares during the quarter. Avion Wealth’s holdings in Invesco QQQ were worth $459,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of QQQ. SOA Wealth Advisors LLC. raised its position in shares of Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares during the period. ORG Wealth Partners LLC bought a new stake in Invesco QQQ in the 3rd quarter valued at $181,000. Stablepoint Partners LLC boosted its stake in Invesco QQQ by 95.7% in the 3rd quarter. Stablepoint Partners LLC now owns 1,832 shares of the exchange traded fund’s stock worth $894,000 after purchasing an additional 896 shares during the period. Empirical Asset Management LLC lifted its holdings in shares of Invesco QQQ by 7.3% in the third quarter. Empirical Asset Management LLC now owns 1,286 shares of the exchange traded fund’s stock valued at $628,000 after purchasing an additional 87 shares in the last quarter. Finally, Grove Bank & Trust grew its holdings in shares of Invesco QQQ by 16.9% during the third quarter. Grove Bank & Trust now owns 782 shares of the exchange traded fund’s stock worth $382,000 after buying an additional 113 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.2 %

NASDAQ QQQ opened at $527.99 on Wednesday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15. The firm’s 50 day moving average is $521.54 and its 200-day moving average is $496.40.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.8347 dividend. 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.