Northwest Wealth Advisors LLC Purchases New Position in Invesco QQQ $QQQ

Northwest Wealth Advisors LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQFree Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,590 shares of the exchange traded fund’s stock, valued at approximately $977,000. Invesco QQQ makes up approximately 0.8% of Northwest Wealth Advisors LLC’s holdings, making the stock its 26th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. 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 last quarter. Revolve Wealth Partners LLC raised 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 last quarter. Jupiter Wealth Management LLC bought a new stake in shares of Invesco QQQ during the second quarter worth $290,000. Wealth Group Ltd. lifted 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 during the period. Finally, Invesco Ltd. lifted its stake in shares of Invesco QQQ by 1,057.3% during the second quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock valued at $18,239,000 after acquiring an additional 30,206 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.2%

Invesco QQQ stock opened at $714.51 on Friday. The business’s 50-day simple moving average is $636.60 and its 200 day simple moving average is $622.40. Invesco QQQ has a 12-month low of $505.58 and a 12-month high of $722.03.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

Key Headlines Impacting Invesco QQQ

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

Invesco QQQ Company 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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