Independent Wealth Network Inc. Buys 1,029 Shares of Invesco QQQ (NASDAQ:QQQ)

Independent Wealth Network Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ) by 21.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,863 shares of the exchange traded fund’s stock after buying an additional 1,029 shares during the period. Invesco QQQ comprises about 1.2% of Independent Wealth Network Inc.’s investment portfolio, making the stock its 18th biggest position. Independent Wealth Network Inc.’s holdings in Invesco QQQ were worth $2,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Eagle Capital Management LLC grew its holdings in shares of Invesco QQQ by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock valued at $31,025,000 after purchasing an additional 185 shares during the last quarter. Baker Ellis Asset Management LLC grew its holdings in Invesco QQQ by 1.0% in the 4th quarter. Baker Ellis Asset Management LLC now owns 6,555 shares of the exchange traded fund’s stock worth $3,351,000 after acquiring an additional 65 shares during the last quarter. Evolution Wealth Advisors LLC grew its holdings in Invesco QQQ by 7.4% in the 4th quarter. Evolution Wealth Advisors LLC now owns 35,548 shares of the exchange traded fund’s stock worth $18,174,000 after acquiring an additional 2,456 shares during the last quarter. Marino Stram & Associates LLC grew its holdings in Invesco QQQ by 1.3% in the 4th quarter. Marino Stram & Associates LLC now owns 8,665 shares of the exchange traded fund’s stock worth $4,430,000 after acquiring an additional 113 shares during the last quarter. Finally, Magnus Financial Group LLC grew its holdings in Invesco QQQ by 462.4% in the 4th quarter. Magnus Financial Group LLC now owns 11,538 shares of the exchange traded fund’s stock worth $5,899,000 after acquiring an additional 14,722 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.3 %

NASDAQ:QQQ opened at $531.51 on Thursday. The company has a 50-day moving average price of $516.33 and a 200-day moving average price of $492.54. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15.

Invesco QQQ Dividend Announcement

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