Savvy Advisors Inc. Buys 1,010 Shares of Invesco QQQ (NASDAQ:QQQ)

Savvy Advisors Inc. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,531 shares of the exchange traded fund’s stock after acquiring an additional 1,010 shares during the quarter. Invesco QQQ makes up approximately 0.7% of Savvy Advisors Inc.’s holdings, making the stock its 22nd biggest position. Savvy Advisors Inc.’s holdings in Invesco QQQ were worth $5,895,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. lifted its position in shares of Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after acquiring an additional 46 shares in the last quarter. McIlrath & Eck LLC raised its stake in Invesco QQQ by 15.9% during the 3rd quarter. McIlrath & Eck LLC now owns 20,218 shares of the exchange traded fund’s stock valued at $9,868,000 after purchasing an additional 2,767 shares during the period. Advisory Resource Group lifted its holdings in Invesco QQQ by 5.8% in the 3rd quarter. Advisory Resource Group now owns 14,457 shares of the exchange traded fund’s stock worth $7,056,000 after purchasing an additional 791 shares in the last quarter. Tudor Financial Inc. bought a new position in Invesco QQQ in the 3rd quarter worth approximately $3,376,000. Finally, Anchor Investment Management LLC boosted its stake in Invesco QQQ by 1.6% in the 3rd quarter. Anchor Investment Management LLC now owns 42,889 shares of the exchange traded fund’s stock worth $20,933,000 after purchasing an additional 693 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $454.40 on Friday. The firm’s 50 day moving average price is $490.33 and its 200-day moving average price is $502.44. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The stock has a market cap of $283.95 billion, a P/E ratio of 30.05 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

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.