WP Advisors LLC Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

WP Advisors LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 646 shares of the exchange traded fund’s stock, valued at approximately $265,000.

Several other hedge funds and other institutional investors have also bought and sold shares of QQQ. Red Tortoise LLC lifted its position in shares of Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares during the last quarter. Friedenthal Financial purchased a new position in shares of Invesco QQQ during the 4th quarter valued at $41,000. Bear Mountain Capital Inc. purchased a new position in shares of Invesco QQQ during the 4th quarter valued at $42,000. Russell Investments Group Ltd. purchased a new position in shares of Invesco QQQ during the 2nd quarter valued at $44,000. Finally, Core Wealth Advisors Inc. lifted its position in shares of Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.1 %

Shares of NASDAQ QQQ traded down $8.76 during trading on Friday, reaching $414.65. 75,230,990 shares of the stock traded hands, compared to its average volume of 42,307,272. Invesco QQQ has a 52-week low of $309.89 and a 52-week high of $449.34. The company has a 50-day moving average of $437.60 and a 200-day moving average of $407.88.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.55%.

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.