Strategies Wealth Advisors LLC Lowers Stock Position in Invesco QQQ (NASDAQ:QQQ)

Strategies Wealth Advisors LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,394 shares of the exchange traded fund’s stock after selling 30 shares during the period. Invesco QQQ comprises 0.6% of Strategies Wealth Advisors LLC’s investment portfolio, making the stock its 21st biggest position. Strategies Wealth Advisors LLC’s holdings in Invesco QQQ were worth $4,442,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Madden Advisory Services Inc. grew its position in shares of Invesco QQQ by 15.1% in the fourth quarter. Madden Advisory Services Inc. now owns 2,862 shares of the exchange traded fund’s stock valued at $1,463,000 after purchasing an additional 375 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in shares of Invesco QQQ by 8.5% in the fourth quarter. CreativeOne Wealth LLC now owns 64,467 shares of the exchange traded fund’s stock worth $32,958,000 after purchasing an additional 5,051 shares during the period. Mariner LLC raised its position in shares of Invesco QQQ by 29.2% in the fourth quarter. Mariner LLC now owns 982,519 shares of the exchange traded fund’s stock worth $502,294,000 after buying an additional 221,893 shares in the last quarter. Peninsula Wealth LLC boosted its stake in Invesco QQQ by 0.7% during the fourth quarter. Peninsula Wealth LLC now owns 32,533 shares of the exchange traded fund’s stock valued at $16,632,000 after buying an additional 215 shares during the period. Finally, Menora Mivtachim Holdings LTD. grew its position in Invesco QQQ by 6.1% during the fourth quarter. Menora Mivtachim Holdings LTD. now owns 8,758 shares of the exchange traded fund’s stock worth $4,477,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $454.40 on Monday. The company has a market capitalization of $283.95 billion, a P/E ratio of 30.05 and a beta of 1.11. The firm’s 50 day simple moving average is $490.33 and its 200 day simple moving average is $502.54. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

Invesco QQQ Company 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.