Marks Wealth LLC Purchases New Holdings in Invesco QQQ (NASDAQ:QQQ)

Marks Wealth LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 52,939 shares of the exchange traded fund’s stock, valued at approximately $27,064,000. Invesco QQQ accounts for approximately 13.0% of Marks Wealth LLC’s investment portfolio, making the stock its 5th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. Private Wealth Group LLC increased its holdings in shares of Invesco QQQ by 8.5% during the 4th quarter. Private Wealth Group LLC now owns 5,252 shares of the exchange traded fund’s stock worth $2,685,000 after acquiring an additional 411 shares during the last quarter. Arkansas Financial Group Inc. lifted its holdings in Invesco QQQ by 34.8% during the 4th quarter. Arkansas Financial Group Inc. now owns 50,674 shares of the exchange traded fund’s stock worth $25,906,000 after purchasing an additional 13,093 shares during the last quarter. Madrona Financial Services LLC lifted its holdings in shares of Invesco QQQ by 17.8% during the fourth quarter. Madrona Financial Services LLC now owns 75,751 shares of the exchange traded fund’s stock worth $38,726,000 after buying an additional 11,434 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC increased its position in Invesco QQQ by 28.1% during the fourth quarter. Baron Silver Stevens Financial Advisors LLC now owns 1,182 shares of the exchange traded fund’s stock worth $604,000 after acquiring an additional 259 shares during the period. Finally, Avior Wealth Management LLC grew its position in shares of Invesco QQQ by 30.3% during the 4th quarter. Avior Wealth Management LLC now owns 19,484 shares of the exchange traded fund’s stock worth $9,961,000 after purchasing an additional 4,535 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2 %

Shares of NASDAQ QQQ opened at $532.64 on Friday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15. The business has a fifty day moving average price of $516.72 and a two-hundred day moving average price of $492.81.

Invesco QQQ Dividend Announcement

The company also recently disclosed 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 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.