Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Marino Stram & Associates LLC

Marino Stram & Associates LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 1.3% in the 4th quarter, Holdings Channel reports. The firm owned 8,665 shares of the exchange traded fund’s stock after buying an additional 113 shares during the quarter. Invesco QQQ accounts for approximately 1.0% of Marino Stram & Associates LLC’s portfolio, making the stock its 15th biggest position. Marino Stram & Associates LLC’s holdings in Invesco QQQ were worth $4,430,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Magnus Financial Group LLC increased its holdings in Invesco QQQ by 462.4% in the 4th quarter. Magnus Financial Group LLC now owns 11,538 shares of the exchange traded fund’s stock valued at $5,899,000 after purchasing an additional 14,722 shares in the last quarter. Daymark Wealth Partners LLC boosted its position in Invesco QQQ by 10.2% in the 4th quarter. Daymark Wealth Partners LLC now owns 18,803 shares of the exchange traded fund’s stock valued at $9,613,000 after buying an additional 1,743 shares during the last quarter. Investment Advisory Group LLC boosted its position in Invesco QQQ by 5.0% in the 4th quarter. Investment Advisory Group LLC now owns 5,498 shares of the exchange traded fund’s stock valued at $2,811,000 after buying an additional 260 shares during the last quarter. Finley Financial LLC purchased a new position in Invesco QQQ in the 4th quarter valued at about $13,294,000. Finally, Global Trust Asset Management LLC boosted its position in Invesco QQQ by 0.3% in the 4th quarter. Global Trust Asset Management LLC now owns 35,271 shares of the exchange traded fund’s stock valued at $18,031,000 after buying an additional 91 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $531.51 on Thursday. The firm has a 50-day moving average of $516.33 and a two-hundred day moving average of $492.54. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15.

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 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.