Marks Wealth LLC Invests $27.06 Million in Invesco QQQ (NASDAQ:QQQ)

Marks Wealth LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, HoldingsChannel reports. The firm acquired 52,939 shares of the exchange traded fund’s stock, valued at approximately $27,064,000. Invesco QQQ accounts for about 13.0% of Marks Wealth LLC’s investment portfolio, making the stock its 5th largest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Private Wealth Group LLC lifted its position in Invesco QQQ by 8.5% in the fourth quarter. Private Wealth Group LLC now owns 5,252 shares of the exchange traded fund’s stock valued at $2,685,000 after purchasing an additional 411 shares during the last quarter. Arkansas Financial Group Inc. increased its position in shares of Invesco QQQ by 34.8% during the fourth quarter. Arkansas Financial Group Inc. now owns 50,674 shares of the exchange traded fund’s stock valued at $25,906,000 after acquiring an additional 13,093 shares in the last quarter. Madrona Financial Services LLC raised its position in Invesco QQQ by 17.8% in the 4th quarter. Madrona Financial Services LLC now owns 75,751 shares of the exchange traded fund’s stock worth $38,726,000 after buying an additional 11,434 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC lifted its holdings in shares of Invesco QQQ by 28.1% during the 4th quarter. Baron Silver Stevens Financial Advisors LLC now owns 1,182 shares of the exchange traded fund’s stock valued at $604,000 after buying an additional 259 shares during the period. Finally, Avior Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 30.3% in the fourth quarter. Avior Wealth Management LLC now owns 19,484 shares of the exchange traded fund’s stock worth $9,961,000 after buying an additional 4,535 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $532.64 on Friday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15. The business’s 50 day moving average is $516.72 and its 200 day moving average is $492.81.

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 paid a dividend of $0.8347 per share. The ex-dividend date of this dividend 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.