M3 Wealth Management LLC Makes New Investment in Invesco QQQ $QQQ

M3 Wealth Management LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQFree Report) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,054 shares of the exchange traded fund’s stock, valued at approximately $1,262,000. Invesco QQQ makes up about 1.0% of M3 Wealth Management LLC’s holdings, making the stock its 28th largest position.

Other large investors also recently bought and sold shares of the company. Goodman Advisory Group LLC purchased a new position in Invesco QQQ during the 3rd quarter worth $25,000. Shcp LLC purchased a new position in Invesco QQQ during the 3rd quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC raised its position in Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 43 shares during the last quarter. Rachor Investment Advisory Services LLC purchased a new position in Invesco QQQ in the fourth quarter worth $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in Invesco QQQ in the third quarter worth $40,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Key Headlines Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Trading Up 1.8%

NASDAQ:QQQ opened at $730.28 on Wednesday. The stock has a fifty day moving average price of $643.93 and a two-hundred day moving average price of $624.45. Invesco QQQ has a 1 year low of $511.93 and a 1 year high of $731.17.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, March 23rd.

Invesco QQQ 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.

Featured Stories

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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