Navis Wealth Advisors LLC Has $6.42 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Navis Wealth Advisors LLC cut its position in Invesco QQQ (NASDAQ:QQQ) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,554 shares of the exchange traded fund’s stock after selling 34 shares during the quarter. Invesco QQQ comprises 7.0% of Navis Wealth Advisors LLC’s holdings, making the stock its 3rd biggest position. Navis Wealth Advisors LLC’s holdings in Invesco QQQ were worth $6,418,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MKT Advisors LLC boosted its position in Invesco QQQ by 0.8% during the 4th quarter. MKT Advisors LLC now owns 3,297 shares of the exchange traded fund’s stock worth $1,720,000 after acquiring an additional 25 shares during the period. Embree Financial Group increased its holdings in shares of Invesco QQQ by 0.8% during the fourth quarter. Embree Financial Group now owns 116,043 shares of the exchange traded fund’s stock valued at $59,325,000 after purchasing an additional 963 shares during the period. Avaii Wealth Management LLC raised its stake in shares of Invesco QQQ by 2.1% during the fourth quarter. Avaii Wealth Management LLC now owns 9,953 shares of the exchange traded fund’s stock valued at $5,088,000 after purchasing an additional 200 shares in the last quarter. Flagship Private Wealth LLC lifted its holdings in Invesco QQQ by 15.0% in the fourth quarter. Flagship Private Wealth LLC now owns 13,987 shares of the exchange traded fund’s stock worth $7,151,000 after purchasing an additional 1,823 shares during the period. Finally, Consolidated Investment Group LLC grew its position in Invesco QQQ by 2.1% in the 4th quarter. Consolidated Investment Group LLC now owns 306,865 shares of the exchange traded fund’s stock valued at $156,879,000 after buying an additional 6,300 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $529.63 on Monday. The company’s 50-day moving average price is $517.86 and its two-hundred day moving average price is $493.28. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors 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.