Acorn Wealth Advisors LLC Has $1.90 Million Stock Position in Invesco QQQ $QQQ

Acorn Wealth Advisors LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 52.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,170 shares of the exchange traded fund’s stock after purchasing an additional 1,090 shares during the period. Acorn Wealth Advisors LLC’s holdings in Invesco QQQ were worth $1,903,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Morgan Dempsey Capital Management LLC acquired a new position in shares of Invesco QQQ during the 2nd quarter worth about $30,000. Navigoe LLC boosted its stake in Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 45 shares during the last quarter. PayPay Securities Corp grew its holdings in Invesco QQQ by 78.9% during the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 30 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in Invesco QQQ in the third quarter valued at approximately $42,000. Finally, Moser Wealth Advisors LLC increased its stake in Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $622.72 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The company’s fifty day moving average is $616.52 and its 200-day moving average is $597.69.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were issued a dividend of $0.7941 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, December 22nd.

Key Stories Impacting Invesco QQQ

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Invesco QQQ Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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