Fairvoy Private Wealth LLC Buys New Position in Invesco QQQ (NASDAQ:QQQ)

Fairvoy Private Wealth LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,237 shares of the exchange traded fund’s stock, valued at approximately $6,767,000. Invesco QQQ makes up approximately 1.8% of Fairvoy Private Wealth LLC’s investment portfolio, making the stock its 15th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in QQQ. O Connor Financial Group LLC raised its holdings in Invesco QQQ by 6.2% in the third quarter. O Connor Financial Group LLC now owns 17,065 shares of the exchange traded fund’s stock worth $8,329,000 after purchasing an additional 1,000 shares in the last quarter. Marcum Wealth LLC raised its holdings in Invesco QQQ by 1.7% in the third quarter. Marcum Wealth LLC now owns 18,961 shares of the exchange traded fund’s stock worth $9,254,000 after purchasing an additional 308 shares in the last quarter. Wedmont Private Capital raised its holdings in Invesco QQQ by 0.7% in the third quarter. Wedmont Private Capital now owns 18,848 shares of the exchange traded fund’s stock worth $9,087,000 after purchasing an additional 140 shares in the last quarter. Sanibel Captiva Trust Company Inc. grew its stake in shares of Invesco QQQ by 11.2% in the third quarter. Sanibel Captiva Trust Company Inc. now owns 5,483 shares of the exchange traded fund’s stock worth $2,676,000 after acquiring an additional 553 shares during the last quarter. Finally, Patten Group Inc. grew its stake in shares of Invesco QQQ by 3.3% in the third quarter. Patten Group Inc. now owns 1,539 shares of the exchange traded fund’s stock worth $751,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $529.60 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The stock’s fifty day moving average price is $520.51 and its 200-day moving average price is $495.05.

Invesco QQQ Announces Dividend

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