17,469 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by Sovran Advisors LLC

Sovran Advisors LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 17,469 shares of the exchange traded fund’s stock, valued at approximately $8,823,000. Invesco QQQ makes up about 1.3% of Sovran Advisors LLC’s investment portfolio, making the stock its 15th largest holding.

Several other large investors have also recently added to or reduced their stakes in QQQ. SOA Wealth Advisors LLC. increased its holdings in Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after purchasing an additional 46 shares in the last quarter. Armstrong Advisory Group Inc. grew its stake in shares of Invesco QQQ by 4.5% during the third quarter. Armstrong Advisory Group Inc. now owns 8,663 shares of the exchange traded fund’s stock valued at $4,228,000 after acquiring an additional 370 shares in the last quarter. Affiance Financial LLC grew its stake in shares of Invesco QQQ by 3.9% during the third quarter. Affiance Financial LLC now owns 2,881 shares of the exchange traded fund’s stock valued at $1,406,000 after acquiring an additional 109 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its stake in shares of Invesco QQQ by 1.5% during the third quarter. Redhawk Wealth Advisors Inc. now owns 10,139 shares of the exchange traded fund’s stock valued at $4,949,000 after acquiring an additional 149 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Invesco QQQ by 60.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,538 shares of the exchange traded fund’s stock valued at $2,704,000 after acquiring an additional 2,088 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $529.25 on Tuesday. The business has a 50-day moving average of $521.26 and a 200-day moving average of $495.90. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15.

Invesco QQQ Dividend Announcement

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