MGB Wealth Management LLC Purchases 895 Shares of Invesco QQQ $QQQ

MGB Wealth Management LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,432 shares of the exchange traded fund’s stock after acquiring an additional 895 shares during the quarter. Invesco QQQ comprises about 5.4% of MGB Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position. MGB Wealth Management LLC’s holdings in Invesco QQQ were worth $18,707,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Hyposwiss Advisors SA acquired a new position in shares of Invesco QQQ during the fourth quarter valued at $6,717,000. Gotham Asset Management LLC lifted its stake in shares of Invesco QQQ by 0.5% during the fourth quarter. Gotham Asset Management LLC now owns 103,627 shares of the exchange traded fund’s stock valued at $63,659,000 after acquiring an additional 547 shares during the period. Evolve Private Wealth LLC acquired a new position in shares of Invesco QQQ during the fourth quarter valued at $5,422,000. Engineers Gate Manager LP lifted its stake in shares of Invesco QQQ by 54.6% during the fourth quarter. Engineers Gate Manager LP now owns 399,690 shares of the exchange traded fund’s stock valued at $245,534,000 after acquiring an additional 141,130 shares during the period. Finally, Chicago Wealth Management Inc. lifted its stake in shares of Invesco QQQ by 3.0% during the fourth quarter. Chicago Wealth Management Inc. now owns 16,730 shares of the exchange traded fund’s stock valued at $10,277,000 after acquiring an additional 484 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key Headlines Impacting Invesco QQQ

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

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $722.51 on Thursday. Invesco QQQ has a 1-year low of $523.65 and a 1-year high of $748.65. The business’s 50-day moving average price is $689.67 and its two-hundred day moving average price is $637.91.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.4%.

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.

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

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