Invesco QQQ (NASDAQ:QQQ) Shares Acquired by M3 Advisory Group LLC

M3 Advisory Group LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,164 shares of the exchange traded fund’s stock after acquiring an additional 20 shares during the period. Invesco QQQ accounts for about 5.2% of M3 Advisory Group LLC’s portfolio, making the stock its 2nd largest holding. M3 Advisory Group LLC’s holdings in Invesco QQQ were worth $7,241,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Embree Financial Group boosted its stake in Invesco QQQ by 0.8% during the fourth quarter. Embree Financial Group now owns 116,043 shares of the exchange traded fund’s stock worth $59,325,000 after buying an additional 963 shares during the period. Avaii Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 2.1% in the 4th quarter. Avaii Wealth Management LLC now owns 9,953 shares of the exchange traded fund’s stock worth $5,088,000 after acquiring an additional 200 shares during the last quarter. Flagship Private Wealth LLC boosted its position in shares of Invesco QQQ by 15.0% during the 4th quarter. Flagship Private Wealth LLC now owns 13,987 shares of the exchange traded fund’s stock worth $7,151,000 after purchasing an additional 1,823 shares during the period. Consolidated Investment Group LLC increased its holdings in Invesco QQQ by 2.1% in the 4th quarter. Consolidated Investment Group LLC now owns 306,865 shares of the exchange traded fund’s stock valued at $156,879,000 after purchasing an additional 6,300 shares during the last quarter. Finally, Vista Investment Partners LLC raised its position in Invesco QQQ by 3.8% in the fourth quarter. Vista Investment Partners LLC now owns 8,543 shares of the exchange traded fund’s stock valued at $4,368,000 after purchasing an additional 315 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $529.63 on Monday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15. The business has a fifty day simple moving average of $517.86 and a 200-day simple moving average of $493.28.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend 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.