Invesco QQQ (NASDAQ:QQQ) Shares Bought by MPS Loria Financial Planners LLC

MPS Loria Financial Planners LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,713 shares of the exchange traded fund’s stock after acquiring an additional 57 shares during the period. Invesco QQQ comprises about 0.4% of MPS Loria Financial Planners LLC’s holdings, making the stock its 21st biggest position. MPS Loria Financial Planners LLC’s holdings in Invesco QQQ were worth $1,387,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Heritage Family Offices LLP increased its stake in Invesco QQQ by 16.9% in the fourth quarter. Heritage Family Offices LLP now owns 691 shares of the exchange traded fund’s stock valued at $353,000 after purchasing an additional 100 shares during the last quarter. Financial Enhancement Group LLC purchased a new stake in Invesco QQQ in the 4th quarter valued at about $17,628,000. Essex Savings Bank increased its stake in shares of Invesco QQQ by 4.0% during the 4th quarter. Essex Savings Bank now owns 7,011 shares of the exchange traded fund’s stock valued at $3,584,000 after acquiring an additional 270 shares during the last quarter. Keeler & Nadler Financial Planning & Wealth Management purchased a new position in shares of Invesco QQQ during the 4th quarter worth about $210,000. Finally, ERn Financial LLC boosted its position in shares of Invesco QQQ by 5.1% in the fourth quarter. ERn Financial LLC now owns 935 shares of the exchange traded fund’s stock worth $478,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $513.08 on Friday. Invesco QQQ has a 1 year low of $402.92 and a 1 year high of $539.15. The firm has a 50 day moving average price of $515.79 and a 200 day moving average price of $491.65.

Invesco QQQ Announces Dividend

The business also recently disclosed 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 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.