LifeGoal Wealth Advisors Makes New $281,000 Investment in Invesco QQQ (NASDAQ:QQQ)

LifeGoal Wealth Advisors bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 549 shares of the exchange traded fund’s stock, valued at approximately $281,000.

Several other institutional investors and hedge funds have also modified their holdings of QQQ. Siligmueller & Norvid Wealth Advisors LLC acquired a new position in Invesco QQQ in the fourth quarter worth $475,000. Nelson Capital Management LLC raised its holdings in shares of Invesco QQQ by 162.5% in the fourth quarter. Nelson Capital Management LLC now owns 2,250 shares of the exchange traded fund’s stock valued at $1,150,000 after buying an additional 1,393 shares during the last quarter. Kellett Wealth Advisors LLC lifted its position in Invesco QQQ by 1.3% during the 4th quarter. Kellett Wealth Advisors LLC now owns 13,704 shares of the exchange traded fund’s stock worth $7,006,000 after buying an additional 175 shares in the last quarter. Advisor OS LLC grew its holdings in Invesco QQQ by 6.7% during the 4th quarter. Advisor OS LLC now owns 5,504 shares of the exchange traded fund’s stock worth $2,814,000 after acquiring an additional 344 shares during the last quarter. Finally, Lake Street Advisors Group LLC increased its position in Invesco QQQ by 2.5% in the 4th quarter. Lake Street Advisors Group LLC now owns 20,250 shares of the exchange traded fund’s stock valued at $10,352,000 after acquiring an additional 498 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 1.3 %

Shares of QQQ stock opened at $513.32 on Wednesday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The firm’s 50 day moving average is $522.57 and its 200-day moving average is $502.54. The firm has a market capitalization of $326.50 billion, a price-to-earnings ratio of 33.43 and a beta of 1.09.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend 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.