Sax Wealth Advisors LLC Purchases Shares of 12,355 Invesco QQQ (NASDAQ:QQQ)

Sax Wealth Advisors LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,355 shares of the exchange traded fund’s stock, valued at approximately $6,316,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC raised its position in Invesco QQQ by 9.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,491 shares of the exchange traded fund’s stock valued at $714,000 after purchasing an additional 125 shares during the period. ProVise Management Group LLC grew its stake in shares of Invesco QQQ by 0.8% in the second quarter. ProVise Management Group LLC now owns 8,479 shares of the exchange traded fund’s stock valued at $4,063,000 after buying an additional 65 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Invesco QQQ by 14.3% during the 2nd quarter. Brighton Jones LLC now owns 33,464 shares of the exchange traded fund’s stock valued at $16,033,000 after buying an additional 4,179 shares during the period. GM Advisory Group LLC lifted its position in Invesco QQQ by 5.7% during the 2nd quarter. GM Advisory Group LLC now owns 1,928 shares of the exchange traded fund’s stock worth $924,000 after acquiring an additional 104 shares in the last quarter. Finally, Retirement Investment Advisors Inc. purchased a new position in Invesco QQQ in the 2nd quarter worth approximately $3,645,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.7 %

Shares of NASDAQ:QQQ opened at $521.74 on Friday. The company has a 50 day moving average of $515.79 and a two-hundred day moving average of $491.80. Invesco QQQ has a 52-week low of $409.16 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. Investors of record on Monday, December 23rd were paid 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.