Aire Advisors LLC Purchases 276 Shares of Invesco QQQ (NASDAQ:QQQ)

Aire Advisors LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,375 shares of the exchange traded fund’s stock after acquiring an additional 276 shares during the quarter. Aire Advisors LLC’s holdings in Invesco QQQ were worth $2,237,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SOA Wealth Advisors LLC. boosted its position in 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 buying an additional 46 shares in the last quarter. Davis R M Inc. lifted its position in shares of Invesco QQQ by 3.2% during the third quarter. Davis R M Inc. now owns 3,789 shares of the exchange traded fund’s stock worth $1,849,000 after purchasing an additional 118 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in shares of Invesco QQQ by 95.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,145 shares of the exchange traded fund’s stock valued at $559,000 after purchasing an additional 558 shares in the last quarter. Alliance Wealth Management Group increased its holdings in shares of Invesco QQQ by 30.2% in the third quarter. Alliance Wealth Management Group now owns 2,562 shares of the exchange traded fund’s stock valued at $1,250,000 after purchasing an additional 595 shares in the last quarter. Finally, Truvestments Capital LLC raised its position in Invesco QQQ by 506.7% in the 3rd quarter. Truvestments Capital LLC now owns 35,646 shares of the exchange traded fund’s stock worth $17,398,000 after purchasing an additional 29,771 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $490.66 on Tuesday. The business’s fifty day moving average price is $511.00 and its two-hundred day moving average price is $504.66. The firm has a market capitalization of $309.24 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.7157 per share. The ex-dividend date of this dividend 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.