MN Wealth Advisors LLC Increases Stake in Invesco QQQ (NASDAQ:QQQ)

MN Wealth Advisors LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 10.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 707 shares of the exchange traded fund’s stock after acquiring an additional 69 shares during the quarter. MN Wealth Advisors LLC’s holdings in Invesco QQQ were worth $362,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. grew its holdings in Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after buying an additional 46 shares in the last quarter. Well Done LLC grew its holdings in Invesco QQQ by 0.9% during the 3rd quarter. Well Done LLC now owns 2,586 shares of the exchange traded fund’s stock valued at $1,262,000 after buying an additional 24 shares in the last quarter. Sonoma Private Wealth LLC grew its holdings in Invesco QQQ by 8.6% during the 3rd quarter. Sonoma Private Wealth LLC now owns 492 shares of the exchange traded fund’s stock valued at $240,000 after buying an additional 39 shares in the last quarter. M3 Advisory Group LLC grew its holdings in Invesco QQQ by 1.4% during the 3rd quarter. M3 Advisory Group LLC now owns 14,144 shares of the exchange traded fund’s stock valued at $6,903,000 after buying an additional 193 shares in the last quarter. Finally, Stonegate Investment Group LLC grew its holdings in Invesco QQQ by 0.4% during the 3rd quarter. Stonegate Investment Group LLC now owns 33,494 shares of the exchange traded fund’s stock valued at $16,347,000 after buying an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4 %

QQQ stock opened at $538.15 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The stock has a 50-day simple moving average of $522.38 and a two-hundred day simple moving average of $497.86.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date 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.