Mayflower Financial Advisors LLC Purchases 76 Shares of Invesco QQQ (NASDAQ:QQQ)

Mayflower Financial Advisors LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,207 shares of the exchange traded fund’s stock after purchasing an additional 76 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Invesco QQQ were worth $2,662,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Kennedy Investment Group grew its holdings in shares of Invesco QQQ by 6.2% during the 4th quarter. Kennedy Investment Group now owns 953 shares of the exchange traded fund’s stock valued at $487,000 after purchasing an additional 56 shares during the last quarter. Denver Wealth Management Inc. boosted its position in Invesco QQQ by 1.2% during the fourth quarter. Denver Wealth Management Inc. now owns 5,740 shares of the exchange traded fund’s stock valued at $2,934,000 after buying an additional 66 shares during the period. BSW Wealth Partners grew its stake in shares of Invesco QQQ by 16.2% during the fourth quarter. BSW Wealth Partners now owns 3,593 shares of the exchange traded fund’s stock valued at $1,837,000 after buying an additional 500 shares during the last quarter. Spectrum Planning & Advisory Services Inc. increased its holdings in shares of Invesco QQQ by 45.8% in the fourth quarter. Spectrum Planning & Advisory Services Inc. now owns 770 shares of the exchange traded fund’s stock worth $394,000 after buying an additional 242 shares during the period. Finally, Falcon Wealth Planning lifted its stake in shares of Invesco QQQ by 5.4% in the 4th quarter. Falcon Wealth Planning now owns 72,585 shares of the exchange traded fund’s stock valued at $37,108,000 after acquiring an additional 3,739 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $520.83 on Thursday. The stock’s 50 day simple moving average is $518.51 and its 200 day simple moving average is $493.56. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors 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.