Stratos Wealth Advisors LLC Has $27.93 Million Stock Position in Invesco QQQ $QQQ

Stratos Wealth Advisors LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,471 shares of the exchange traded fund’s stock after purchasing an additional 1,921 shares during the quarter. Invesco QQQ makes up approximately 1.3% of Stratos Wealth Advisors LLC’s investment portfolio, making the stock its 9th largest position. Stratos Wealth Advisors LLC’s holdings in Invesco QQQ were worth $27,934,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC boosted its position in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares during the period. Jupiter Wealth Management LLC purchased a new position in shares of Invesco QQQ during the second quarter worth approximately $290,000. Wealth Group Ltd. raised its stake in shares of Invesco QQQ by 283.7% during the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after acquiring an additional 18,210 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Invesco QQQ by 37.9% during the second quarter. Russell Investments Group Ltd. now owns 5,644 shares of the exchange traded fund’s stock valued at $3,113,000 after acquiring an additional 1,551 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $584.98 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The stock has a 50 day moving average price of $602.08 and a 200 day moving average price of $609.29.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%.

Key Stories Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

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.

Further Reading

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

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