Millstone Evans Group LLC Purchases New Stake in Invesco QQQ (NASDAQ:QQQ)

Millstone Evans Group LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 187 shares of the exchange traded fund’s stock, valued at approximately $96,000.

A number of other large investors have also added to or reduced their stakes in QQQ. SOA Wealth Advisors LLC. raised its stake in Invesco QQQ by 0.3% in the 3rd 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 during the period. King Luther Capital Management Corp increased its position in Invesco QQQ by 9.1% during the 3rd quarter. King Luther Capital Management Corp now owns 9,138 shares of the exchange traded fund’s stock worth $4,460,000 after buying an additional 766 shares during the period. Icon Wealth Advisors LLC increased its position in Invesco QQQ by 16.7% during the 3rd quarter. Icon Wealth Advisors LLC now owns 1,081 shares of the exchange traded fund’s stock worth $528,000 after buying an additional 155 shares during the period. GenTrust LLC increased its position in Invesco QQQ by 105.4% during the 3rd quarter. GenTrust LLC now owns 83,865 shares of the exchange traded fund’s stock worth $40,989,000 after buying an additional 43,040 shares during the period. Finally, Nicolet Advisory Services LLC increased its position in Invesco QQQ by 9.7% during the 3rd quarter. Nicolet Advisory Services LLC now owns 1,200 shares of the exchange traded fund’s stock worth $578,000 after buying an additional 106 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $480.84 on Friday. The stock has a market capitalization of $303.05 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The business’s fifty day moving average price is $511.30 and its two-hundred day moving average price is $504.14. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Company 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.