Guardian Wealth Advisors LLC Decreases Position in Invesco QQQ (NASDAQ:QQQ)

Guardian Wealth Advisors LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,937 shares of the exchange traded fund’s stock after selling 321 shares during the period. Invesco QQQ comprises about 5.5% of Guardian Wealth Advisors LLC’s investment portfolio, making the stock its 6th biggest position. Guardian Wealth Advisors LLC’s holdings in Invesco QQQ were worth $8,659,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. O Connor Financial Group LLC raised its position in Invesco QQQ by 6.2% during the 3rd quarter. O Connor Financial Group LLC now owns 17,065 shares of the exchange traded fund’s stock valued at $8,329,000 after purchasing an additional 1,000 shares in the last quarter. Marcum Wealth LLC grew its position in shares of Invesco QQQ by 1.7% in the 3rd quarter. Marcum Wealth LLC now owns 18,961 shares of the exchange traded fund’s stock worth $9,254,000 after buying an additional 308 shares during the last quarter. Wedmont Private Capital increased its position in shares of Invesco QQQ by 0.7% during the third quarter. Wedmont Private Capital now owns 18,848 shares of the exchange traded fund’s stock worth $9,087,000 after purchasing an additional 140 shares in the last quarter. Sanibel Captiva Trust Company Inc. increased its position in Invesco QQQ by 11.2% during the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 5,483 shares of the exchange traded fund’s stock valued at $2,676,000 after buying an additional 553 shares in the last quarter. Finally, Patten Group Inc. raised its position in shares of Invesco QQQ by 3.3% in the 3rd quarter. Patten Group Inc. now owns 1,539 shares of the exchange traded fund’s stock valued at $751,000 after purchasing an additional 49 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ opened at $529.60 on Friday. The firm has a 50 day moving average of $520.51 and a two-hundred day moving average of $495.05. Invesco QQQ has a 12-month low of $413.07 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. Shareholders of record on Monday, December 23rd were issued 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.