Acorn Wealth Advisors LLC Acquires 1,090 Shares of Invesco QQQ $QQQ

Acorn Wealth Advisors LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 52.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,170 shares of the exchange traded fund’s stock after buying an additional 1,090 shares during the period. Acorn Wealth Advisors LLC’s holdings in Invesco QQQ were worth $1,903,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Invesco QQQ during the second quarter worth $30,000. Navigoe LLC boosted its stake in Invesco QQQ by 300.0% in the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 45 shares during the period. PayPay Securities Corp increased its holdings in Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in Invesco QQQ during the 3rd quarter worth about $42,000. Finally, Moser Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 930.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $622.72 on Friday. The stock’s 50-day moving average is $616.52 and its 200-day moving average is $597.69. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a $0.7941 dividend. This represents a $3.18 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

About Invesco QQQ

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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