Invesco QQQ $QQQ is Stratos Wealth Partners LTD.’s 8th Largest Position

Stratos Wealth Partners LTD. boosted its position in Invesco QQQ (NASDAQ:QQQFree Report) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 231,510 shares of the exchange traded fund’s stock after purchasing an additional 6,143 shares during the quarter. Invesco QQQ comprises approximately 1.6% of Stratos Wealth Partners LTD.’s investment portfolio, making the stock its 8th largest position. Stratos Wealth Partners LTD.’s holdings in Invesco QQQ were worth $142,219,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Brighton Jones LLC raised its position in shares of Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares during the last quarter. Jupiter Wealth Management LLC acquired a new position in Invesco QQQ during the second quarter worth about $290,000. Wealth Group Ltd. grew its stake in Invesco QQQ by 283.7% during the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after acquiring an additional 18,210 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Invesco QQQ by 37.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,644 shares of the exchange traded fund’s stock valued at $3,113,000 after acquiring an additional 1,551 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $584.98 on Friday. The firm has a 50-day moving average of $602.08 and a two-hundred day moving average of $609.29. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco QQQ News Roundup

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

Invesco QQQ Profile

(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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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