Invesco QQQ (NASDAQ:QQQ) is Taylor & Morgan Wealth Management LLC’s 9th Largest Position

Taylor & Morgan Wealth Management LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 16.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,971 shares of the exchange traded fund’s stock after selling 1,607 shares during the quarter. Invesco QQQ comprises 2.9% of Taylor & Morgan Wealth Management LLC’s portfolio, making the stock its 9th biggest holding. Taylor & Morgan Wealth Management LLC’s holdings in Invesco QQQ were worth $4,075,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Northeast Investment Management grew its holdings in Invesco QQQ by 0.6% during the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after acquiring an additional 20 shares during the period. Planning Capital Management Corp raised its stake in Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 20 shares during the last quarter. Cardinal Point Capital Management ULC boosted its stake in Invesco QQQ by 0.5% during the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after buying an additional 20 shares in the last quarter. Skyline Advisors Inc. grew its position in Invesco QQQ by 5.0% in the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after acquiring an additional 21 shares during the period. Finally, Madden Advisory Services Inc. increased its holdings in Invesco QQQ by 0.9% during the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after purchasing an additional 21 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 1.7 %

Shares of NASDAQ:QQQ opened at $521.74 on Friday. Invesco QQQ has a one year low of $409.16 and a one year high of $539.15. The company has a 50 day moving average of $515.94 and a 200-day moving average of $492.08.

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 paid a $0.8347 dividend. 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.