Souders Financial Advisors Raises Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Souders Financial Advisors raised its stake in Invesco QQQ (NASDAQ:QQQ) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,437 shares of the exchange traded fund’s stock after purchasing an additional 36 shares during the period. Souders Financial Advisors’ holdings in Invesco QQQ were worth $735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after buying an additional 2,059 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after acquiring an additional 11,351 shares in the last quarter. Socha Financial Group LLC raised its position in shares of Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after purchasing an additional 2,171 shares during the last quarter. NRI Wealth Management LC acquired a new stake in Invesco QQQ in the 4th quarter worth approximately $28,729,000. Finally, Garden State Investment Advisory Services LLC boosted its stake in Invesco QQQ by 13.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after purchasing an additional 3,581 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.3 %

Shares of Invesco QQQ stock opened at $495.55 on Wednesday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The firm’s 50 day simple moving average is $520.84 and its two-hundred day simple moving average is $503.87. The firm has a market capitalization of $312.32 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

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 of this dividend was Monday, December 23rd.

About Invesco QQQ

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.