LVW Advisors LLC Increases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

LVW Advisors LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 45.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 615 shares of the exchange traded fund’s stock after buying an additional 191 shares during the quarter. LVW Advisors LLC’s holdings in Invesco QQQ were worth $314,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Invesco QQQ by 9.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,491 shares of the exchange traded fund’s stock valued at $714,000 after acquiring an additional 125 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in Invesco QQQ by 35.1% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,081 shares of the exchange traded fund’s stock valued at $1,476,000 after purchasing an additional 801 shares during the last quarter. 1832 Asset Management L.P. raised its position in Invesco QQQ by 1.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,448 shares of the exchange traded fund’s stock valued at $1,173,000 after purchasing an additional 25 shares during the last quarter. Commonwealth Financial Services LLC boosted its stake in Invesco QQQ by 16.7% during the 2nd quarter. Commonwealth Financial Services LLC now owns 54,374 shares of the exchange traded fund’s stock worth $27,043,000 after purchasing an additional 7,795 shares during the period. Finally, Certified Advisory Corp grew its position in Invesco QQQ by 5.6% during the 2nd quarter. Certified Advisory Corp now owns 51,550 shares of the exchange traded fund’s stock worth $24,698,000 after purchasing an additional 2,718 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.7 %

Shares of NASDAQ:QQQ opened at $521.74 on Tuesday. Invesco QQQ has a one year low of $409.16 and a one year high of $539.15. The company has a 50-day simple moving average of $515.94 and a 200-day simple moving average of $492.12.

Invesco QQQ Dividend Announcement

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