Stratos Wealth Partners LTD. Increases Stake in Invesco QQQ (NASDAQ:QQQ)

Stratos Wealth Partners LTD. raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 216,786 shares of the exchange traded fund’s stock after buying an additional 224 shares during the quarter. Invesco QQQ accounts for about 1.6% of Stratos Wealth Partners LTD.’s holdings, making the stock its 8th biggest position. Stratos Wealth Partners LTD.’s holdings in Invesco QQQ were worth $110,828,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of QQQ. GAMMA Investing LLC increased its position in shares of Invesco QQQ by 21.7% during the third quarter. GAMMA Investing LLC now owns 1,290 shares of the exchange traded fund’s stock valued at $630,000 after buying an additional 230 shares during the period. Fulton Bank N.A. lifted its position in Invesco QQQ by 34.0% during the third quarter. Fulton Bank N.A. now owns 3,992 shares of the exchange traded fund’s stock valued at $1,948,000 after buying an additional 1,014 shares during the period. Security National Bank increased its stake in shares of Invesco QQQ by 18.6% during the third quarter. Security National Bank now owns 1,372 shares of the exchange traded fund’s stock valued at $670,000 after purchasing an additional 215 shares in the last quarter. Threadgill Financial LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter worth approximately $472,000. Finally, Greenfield Savings Bank boosted its position in shares of Invesco QQQ by 4.6% during the third quarter. Greenfield Savings Bank now owns 7,081 shares of the exchange traded fund’s stock valued at $3,456,000 after buying an additional 311 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.2 %

Shares of QQQ opened at $524.47 on Wednesday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The firm has a fifty day simple moving average of $519.78 and a two-hundred day simple moving average of $494.47.

Invesco QQQ Dividend Announcement

The company also recently declared 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 Company 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.