Marks Group Wealth Management Inc Increases Position in Invesco QQQ (NASDAQ:QQQ)

Marks Group Wealth Management Inc boosted its position in Invesco QQQ (NASDAQ:QQQ) by 17.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,577 shares of the exchange traded fund’s stock after acquiring an additional 236 shares during the period. Marks Group Wealth Management Inc’s holdings in Invesco QQQ were worth $806,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SOA Wealth Advisors LLC. boosted its stake 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 worth $8,477,000 after buying an additional 46 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC lifted its holdings in shares of Invesco QQQ by 2.4% during the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 3,678 shares of the exchange traded fund’s stock worth $1,770,000 after acquiring an additional 86 shares during the period. Prospect Financial Services LLC boosted its position in shares of Invesco QQQ by 50.6% in the third quarter. Prospect Financial Services LLC now owns 9,615 shares of the exchange traded fund’s stock worth $4,693,000 after acquiring an additional 3,230 shares during the last quarter. Client First Capital LLC grew its holdings in Invesco QQQ by 0.6% in the third quarter. Client First Capital LLC now owns 61,099 shares of the exchange traded fund’s stock valued at $29,821,000 after purchasing an additional 340 shares during the period. Finally, PFG Advisors increased its position in Invesco QQQ by 3.6% during the third quarter. PFG Advisors now owns 83,721 shares of the exchange traded fund’s stock worth $40,862,000 after purchasing an additional 2,879 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.1 %

NASDAQ:QQQ opened at $528.30 on Thursday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15. The firm’s 50 day moving average is $521.76 and its two-hundred day moving average is $496.86.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date 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.