Avidian Wealth Solutions LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

Avidian Wealth Solutions LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,574 shares of the exchange traded fund’s stock after purchasing an additional 364 shares during the period. Avidian Wealth Solutions LLC’s holdings in Invesco QQQ were worth $1,873,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings LLC boosted its position in Invesco QQQ by 8.0% during the third quarter. Chevy Chase Trust Holdings LLC now owns 4,457 shares of the exchange traded fund’s stock worth $1,597,000 after purchasing an additional 329 shares in the last quarter. Independent Advisor Alliance increased its holdings in Invesco QQQ by 2.3% during the 3rd quarter. Independent Advisor Alliance now owns 1,743 shares of the exchange traded fund’s stock valued at $624,000 after acquiring an additional 40 shares in the last quarter. Bank of New York Mellon Corp raised its position in Invesco QQQ by 244.3% during the third quarter. Bank of New York Mellon Corp now owns 380,566 shares of the exchange traded fund’s stock worth $136,345,000 after acquiring an additional 270,035 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of Invesco QQQ by 7.8% in the third quarter. Brown Advisory Inc. now owns 46,594 shares of the exchange traded fund’s stock valued at $16,693,000 after purchasing an additional 3,390 shares in the last quarter. Finally, Ironwood Wealth Management LLC. lifted its holdings in shares of Invesco QQQ by 0.7% in the third quarter. Ironwood Wealth Management LLC. now owns 10,339 shares of the exchange traded fund’s stock valued at $3,704,000 after purchasing an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.0 %

Shares of QQQ traded up $8.58 during mid-day trading on Friday, reaching $435.48. 48,515,252 shares of the company’s stock were exchanged, compared to its average volume of 48,759,256. Invesco QQQ has a 52-week low of $315.11 and a 52-week high of $449.34. The company has a 50-day simple moving average of $436.53 and a two-hundred day simple moving average of $412.83.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were given a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a yield of 0.53%. The ex-dividend date was Monday, March 18th.

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.