Paces Ferry Wealth Advisors LLC Invests $386,000 in Invesco QQQ (NASDAQ:QQQ)

Paces Ferry Wealth Advisors LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 755 shares of the exchange traded fund’s stock, valued at approximately $386,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Mosley Wealth Management grew its holdings in shares of Invesco QQQ by 45.6% during the fourth quarter. Mosley Wealth Management now owns 2,387 shares of the exchange traded fund’s stock worth $1,243,000 after buying an additional 748 shares in the last quarter. Guardian Partners Inc. purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $361,000. Fortis Capital Management LLC raised its holdings in Invesco QQQ by 9.9% in the 4th quarter. Fortis Capital Management LLC now owns 6,717 shares of the exchange traded fund’s stock valued at $3,434,000 after acquiring an additional 606 shares during the last quarter. Somerset Group LLC lifted its stake in shares of Invesco QQQ by 2.1% during the 4th quarter. Somerset Group LLC now owns 13,996 shares of the exchange traded fund’s stock worth $7,155,000 after purchasing an additional 286 shares during the period. Finally, Sykon Capital LLC boosted its holdings in shares of Invesco QQQ by 82.1% during the fourth quarter. Sykon Capital LLC now owns 23,516 shares of the exchange traded fund’s stock worth $12,022,000 after purchasing an additional 10,602 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.3 %

Invesco QQQ stock opened at $480.84 on Friday. The stock has a fifty day moving average price of $511.30 and a 200 day moving average price of $504.14. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The firm has a market capitalization of $303.05 billion, a P/E ratio of 30.74 and a beta of 1.11.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders 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.