Sightline Wealth Advisors LLC Acquires 1,695 Shares of Invesco QQQ (NASDAQ:QQQ)

Sightline Wealth Advisors LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 22.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,162 shares of the exchange traded fund’s stock after buying an additional 1,695 shares during the period. Invesco QQQ comprises about 2.5% of Sightline Wealth Advisors LLC’s holdings, making the stock its 9th largest position. Sightline Wealth Advisors LLC’s holdings in Invesco QQQ were worth $4,684,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in QQQ. Legacy Bridge LLC lifted its position in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas purchased a new stake in shares of Invesco QQQ in the third quarter worth approximately $62,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares in the last quarter. Providence Capital Advisors LLC purchased a new position in shares of Invesco QQQ during the second quarter valued at approximately $76,000. Finally, Ashton Thomas Securities LLC bought a new stake in Invesco QQQ during the third quarter worth $91,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $505.56 on Tuesday. The business has a fifty day simple moving average of $515.32 and a 200 day simple moving average of $491.29. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15.

Invesco QQQ Announces Dividend

The company also recently announced 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 was Monday, December 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.