MPS Loria Financial Planners LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

MPS Loria Financial Planners LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,713 shares of the exchange traded fund’s stock after purchasing an additional 57 shares during the period. Invesco QQQ makes up 0.4% of MPS Loria Financial Planners LLC’s investment portfolio, making the stock its 21st largest holding. MPS Loria Financial Planners LLC’s holdings in Invesco QQQ were worth $1,387,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in QQQ. Legacy Bridge LLC increased its position in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares in the last quarter. BNP Paribas purchased a new stake in shares of Invesco QQQ in the 3rd quarter worth about $62,000. Ritter Daniher Financial Advisory LLC DE grew its stake in Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 63 shares during the last quarter. Pacifica Partners Inc. purchased a new position in Invesco QQQ during the 4th quarter valued at about $73,000. Finally, Providence Capital Advisors LLC acquired a new position in Invesco QQQ during the second quarter worth about $76,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.7 %

Shares of NASDAQ QQQ opened at $513.08 on Friday. The firm’s 50-day moving average is $515.79 and its two-hundred day moving average is $491.65. Invesco QQQ has a 12-month low of $402.92 and a 12-month high of $539.15.

Invesco QQQ Dividend Announcement

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

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.