Midland Wealth Advisors LLC Buys 752 Shares of Invesco QQQ (NASDAQ:QQQ)

Midland Wealth Advisors LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 12.9% during the fourth quarter, HoldingsChannel reports. The firm owned 6,560 shares of the exchange traded fund’s stock after buying an additional 752 shares during the period. Invesco QQQ comprises about 0.2% of Midland Wealth Advisors LLC’s portfolio, making the stock its 28th biggest holding. Midland Wealth Advisors LLC’s holdings in Invesco QQQ were worth $3,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. PayPay Securities Corp raised its position in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares in the last quarter. Roxbury Financial LLC bought a new stake in Invesco QQQ during the fourth quarter worth about $37,000. Hoese & Co LLP boosted its holdings in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at about $51,000. Finally, Legacy Bridge LLC raised its holdings in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $491.79 on Monday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The business has a 50 day moving average of $518.84 and a 200 day moving average of $504.14. The company has a market capitalization of $309.95 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

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

Invesco QQQ 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.