White Knight Strategic Wealth Advisors LLC Buys 712 Shares of Invesco QQQ (NASDAQ:QQQ)

White Knight Strategic Wealth Advisors LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 99.4% in the fourth quarter, HoldingsChannel reports. The fund owned 1,428 shares of the exchange traded fund’s stock after purchasing an additional 712 shares during the period. White Knight Strategic Wealth Advisors LLC’s holdings in Invesco QQQ were worth $730,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mpwm Advisory Solutions LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $5,002,000. Waverly Advisors LLC increased its holdings in Invesco QQQ by 10.7% during the 4th quarter. Waverly Advisors LLC now owns 90,904 shares of the exchange traded fund’s stock valued at $46,473,000 after purchasing an additional 8,792 shares during the period. Weitzel Financial Services Inc. increased its holdings in Invesco QQQ by 8.8% during the 4th quarter. Weitzel Financial Services Inc. now owns 11,022 shares of the exchange traded fund’s stock valued at $5,681,000 after purchasing an additional 894 shares during the period. Willis Johnson & Associates Inc. increased its holdings in Invesco QQQ by 2.6% during the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund’s stock valued at $416,000 after purchasing an additional 21 shares during the period. Finally, Vident Advisory LLC increased its holdings in Invesco QQQ by 160.6% during the 4th quarter. Vident Advisory LLC now owns 18,033 shares of the exchange traded fund’s stock valued at $9,219,000 after purchasing an additional 11,113 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $520.27 on Wednesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The company has a market cap of $326.03 billion, a PE ratio of 30.62 and a beta of 1.11. The stock’s 50-day moving average is $472.85 and its 200 day moving average is $500.53.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.