Invesco QQQ (NASDAQ:QQQ) Shares Bought by LVW Advisors LLC

LVW Advisors LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 45.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 615 shares of the exchange traded fund’s stock after acquiring an additional 191 shares during the quarter. LVW Advisors LLC’s holdings in Invesco QQQ were worth $314,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Bridge LLC boosted its position in shares of 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 purchasing an additional 45 shares in the last quarter. BNP Paribas acquired a new stake in shares of Invesco QQQ in the third quarter valued at about $62,000. Brooklyn Investment Group purchased a new stake in Invesco QQQ during the fourth quarter worth about $69,000. Ritter Daniher Financial Advisory LLC DE grew its position in Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after buying an additional 63 shares during the period. Finally, Pacifica Partners Inc. purchased a new position in Invesco QQQ in the fourth quarter valued at about $73,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 1.7 %

QQQ stock opened at $521.74 on Tuesday. The firm has a 50 day moving average of $515.94 and a 200-day moving average of $492.12. Invesco QQQ has a 12-month low of $409.16 and a 12-month high of $539.15.

Invesco QQQ Announces Dividend

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