Sound View Wealth Advisors Group LLC Has $15.81 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Sound View Wealth Advisors Group LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.4% in the 4th quarter, Holdings Channel reports. The firm owned 30,919 shares of the exchange traded fund’s stock after acquiring an additional 133 shares during the quarter. Invesco QQQ accounts for about 1.3% of Sound View Wealth Advisors Group LLC’s portfolio, making the stock its 19th largest holding. Sound View Wealth Advisors Group LLC’s holdings in Invesco QQQ were worth $15,807,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. PayPay Securities Corp increased its stake in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new position in Invesco QQQ during the 4th quarter worth $37,000. Hoese & Co LLP boosted its holdings in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the last quarter. Midwest Capital Advisors LLC purchased a new position in Invesco QQQ during the 4th quarter worth $51,000. Finally, Legacy Bridge LLC boosted its holdings in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $491.79 on Friday. The firm’s fifty day moving average price is $518.84 and its two-hundred day moving average price is $503.99. The company has a market capitalization of $309.95 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued 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.