Invesco QQQ (NASDAQ:QQQ) Shares Purchased by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 17,369 shares of the exchange traded fund’s stock after buying an additional 46 shares during the period. Invesco QQQ makes up about 1.6% of SOA Wealth Advisors LLC.’s investment portfolio, making the stock its 13th largest position. SOA Wealth Advisors LLC.’s holdings in Invesco QQQ were worth $8,477,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hancock Whitney Corp raised its holdings in shares of Invesco QQQ by 311.7% during the 4th quarter. Hancock Whitney Corp now owns 11,602 shares of the exchange traded fund’s stock valued at $4,751,000 after buying an additional 8,784 shares during the period. First Financial Bankshares Inc purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $296,000. Kestra Advisory Services LLC lifted its position in shares of Invesco QQQ by 14.3% during the fourth quarter. Kestra Advisory Services LLC now owns 492,517 shares of the exchange traded fund’s stock worth $201,695,000 after purchasing an additional 61,542 shares in the last quarter. Waverly Advisors LLC boosted its stake in shares of Invesco QQQ by 9.5% in the fourth quarter. Waverly Advisors LLC now owns 39,410 shares of the exchange traded fund’s stock valued at $16,139,000 after purchasing an additional 3,411 shares during the period. Finally, Mango Investments LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at $10,566,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Invesco QQQ stock traded down $1.73 during midday trading on Thursday, hitting $491.42. 8,237,137 shares of the stock were exchanged, compared to its average volume of 39,317,523. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The company has a 50 day moving average price of $471.00 and a two-hundred day moving average price of $462.58.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Monday, September 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.