Avaii Wealth Management LLC Has $5.09 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Avaii Wealth Management LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,953 shares of the exchange traded fund’s stock after acquiring an additional 200 shares during the period. Invesco QQQ accounts for 2.5% of Avaii Wealth Management LLC’s portfolio, making the stock its 12th largest holding. Avaii Wealth Management LLC’s holdings in Invesco QQQ were worth $5,088,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Hoese & Co LLP increased its position in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares in the last quarter. Legacy Bridge LLC grew its stake in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the last quarter. BNP Paribas acquired a new stake in shares of Invesco QQQ in the third quarter valued at approximately $62,000. Brooklyn Investment Group bought a new position in Invesco QQQ in the 4th quarter worth approximately $69,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its holdings in Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after buying an additional 63 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.6 %

Shares of QQQ opened at $529.63 on Monday. The business’s fifty day moving average price is $517.86 and its two-hundred day moving average price is $493.28. Invesco QQQ has a 52 week low of $413.07 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 issued a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco QQQ

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.