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

MPS Loria Financial Planners LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,634 shares of the exchange traded fund’s stock after buying an additional 312 shares during the quarter. Invesco QQQ accounts for approximately 0.4% of MPS Loria Financial Planners LLC’s holdings, making the stock its 24th biggest position. MPS Loria Financial Planners LLC’s holdings in Invesco QQQ were worth $1,079,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after buying an additional 28,263,426 shares during the last quarter. Comerica Bank bought a new position in Invesco QQQ in the third quarter worth approximately $140,657,000. Granite Bay Wealth Management LLC boosted its stake in shares of Invesco QQQ by 47.1% during the 4th quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock worth $451,075,000 after acquiring an additional 378,922 shares during the last quarter. CHURCHILL MANAGEMENT Corp grew its position in shares of Invesco QQQ by 36.3% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock valued at $578,680,000 after acquiring an additional 376,661 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of Invesco QQQ by 77.2% in the 4th quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock worth $345,182,000 after purchasing an additional 367,317 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.2 %

Invesco QQQ stock traded up $1.04 during midday trading on Friday, hitting $442.06. The stock had a trading volume of 27,116,566 shares, compared to its average volume of 45,250,624. Invesco QQQ has a 52-week low of $322.94 and a 52-week high of $449.34. The firm’s fifty day moving average is $436.73 and its two-hundred day moving average is $414.97.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a $0.5735 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.52%.

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.