33,705 Shares in Invesco QQQ (NASDAQ:QQQ) Acquired by Flagship Wealth Advisors LLC

Flagship Wealth Advisors LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 33,705 shares of the exchange traded fund’s stock, valued at approximately $17,231,000. Invesco QQQ makes up approximately 10.1% of Flagship Wealth Advisors LLC’s investment portfolio, making the stock its biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. PayPay Securities Corp boosted its holdings in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC purchased a new position in Invesco QQQ in the 4th quarter worth approximately $37,000. Hoese & Co LLP boosted its holdings in Invesco QQQ by 32.3% in 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 period. Midwest Capital Advisors LLC purchased a new position in Invesco QQQ in the 4th quarter worth approximately $51,000. Finally, Legacy Bridge LLC boosted its holdings in Invesco QQQ by 60.0% in 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 period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.4 %

NASDAQ QQQ opened at $479.66 on Monday. The stock has a market cap of $302.59 billion, a PE ratio of 30.74 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The business has a 50 day moving average price of $514.89 and a two-hundred day moving average price of $504.08.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

Invesco QQQ 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.