Lauer Wealth LLC Buys 6,533 Shares of Invesco QQQ (NASDAQ:QQQ)

Lauer Wealth LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 22.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,878 shares of the exchange traded fund’s stock after buying an additional 6,533 shares during the quarter. Invesco QQQ comprises 12.1% of Lauer Wealth LLC’s portfolio, making the stock its 3rd largest position. Lauer Wealth LLC’s holdings in Invesco QQQ were worth $18,342,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Vanguard Personalized Indexing Management LLC lifted its holdings in Invesco QQQ by 9.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,491 shares of the exchange traded fund’s stock worth $714,000 after buying an additional 125 shares in the last quarter. ProVise Management Group LLC lifted its stake in shares of Invesco QQQ by 0.8% in the second quarter. ProVise Management Group LLC now owns 8,479 shares of the exchange traded fund’s stock worth $4,063,000 after acquiring an additional 65 shares in the last quarter. Brighton Jones LLC lifted its stake in shares of Invesco QQQ by 14.3% in the second quarter. Brighton Jones LLC now owns 33,464 shares of the exchange traded fund’s stock worth $16,033,000 after acquiring an additional 4,179 shares in the last quarter. GM Advisory Group LLC increased its holdings in Invesco QQQ by 5.7% during the 2nd quarter. GM Advisory Group LLC now owns 1,928 shares of the exchange traded fund’s stock worth $924,000 after purchasing an additional 104 shares during the last quarter. Finally, Retirement Investment Advisors Inc. acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at approximately $3,645,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 1.7 %

Invesco QQQ stock opened at $521.74 on Friday. Invesco QQQ has a 52 week low of $409.16 and a 52 week high of $539.15. The stock has a 50 day moving average of $515.79 and a 200-day moving average of $491.80.

Invesco QQQ Announces Dividend

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

About Invesco QQQ

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.