Invesco QQQ (NASDAQ:QQQ) Shares Acquired by M3 Advisory Group LLC

M3 Advisory Group LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,164 shares of the exchange traded fund’s stock after acquiring an additional 20 shares during the period. Invesco QQQ makes up about 5.2% of M3 Advisory Group LLC’s holdings, making the stock its 2nd largest holding. M3 Advisory Group LLC’s holdings in Invesco QQQ were worth $7,241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. AQR Capital Management LLC increased its position in shares of Invesco QQQ by 332.0% in the 2nd quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock valued at $5,769,000 after purchasing an additional 9,254 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Invesco QQQ by 28.5% in the second quarter. The Manufacturers Life Insurance Company now owns 70,490 shares of the exchange traded fund’s stock valued at $33,772,000 after buying an additional 15,648 shares during the last quarter. SkyView Investment Advisors LLC purchased a new stake in Invesco QQQ during the 2nd quarter worth about $209,000. Full Sail Capital LLC lifted its holdings in Invesco QQQ by 3.5% during the 2nd quarter. Full Sail Capital LLC now owns 1,327 shares of the exchange traded fund’s stock worth $636,000 after buying an additional 45 shares during the last quarter. Finally, Aviso Wealth Management acquired a new position in shares of Invesco QQQ during the 2nd quarter worth about $264,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $529.63 on Monday. The stock’s 50-day simple moving average is $517.86 and its 200-day simple moving average is $493.28. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Dividend Announcement

The business 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 of this dividend was Monday, December 23rd.

Invesco QQQ Company 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.