Paces Ferry Wealth Advisors LLC Purchases Shares of 755 Invesco QQQ (NASDAQ:QQQ)

Paces Ferry Wealth Advisors LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 755 shares of the exchange traded fund’s stock, valued at approximately $386,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC grew its stake in shares of Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after buying an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after acquiring an additional 4,105,389 shares during the period. Artemis Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 1,337.4% during the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock valued at $423,470,000 after purchasing an additional 895,277 shares during the period. Toronto Dominion Bank lifted its position in shares of Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after purchasing an additional 488,815 shares in the last quarter. Finally, Cibc World Market Inc. lifted its position in shares of Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after purchasing an additional 324,948 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.3 %

Shares of QQQ stock opened at $480.84 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The company has a market capitalization of $303.05 billion, a PE ratio of 30.74 and a beta of 1.11. The firm has a fifty day simple moving average of $511.30 and a 200-day simple moving average of $504.14.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. 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.