Invesco QQQ (NASDAQ:QQQ) is Outlook Wealth Advisors LLC’s 5th Largest Position

Outlook Wealth Advisors LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,212 shares of the exchange traded fund’s stock after selling 322 shares during the period. Invesco QQQ accounts for 3.8% of Outlook Wealth Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Outlook Wealth Advisors LLC’s holdings in Invesco QQQ were worth $13,401,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of QQQ. Northeast Investment Management lifted its holdings in Invesco QQQ by 0.6% in the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after acquiring an additional 20 shares during the period. Planning Capital Management Corp increased its position in shares of Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 20 shares during the last quarter. Cardinal Point Capital Management ULC lifted its stake in shares of Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after purchasing an additional 20 shares during the period. Skyline Advisors Inc. lifted its stake in shares of Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after purchasing an additional 21 shares during the period. Finally, Madden Advisory Services Inc. boosted its holdings in shares of Invesco QQQ by 0.9% in the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock worth $1,214,000 after buying an additional 21 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $516.67 on Thursday. Invesco QQQ has a 12-month low of $402.92 and a 12-month high of $539.15. The firm has a 50 day moving average of $515.57 and a 200 day moving average of $491.47.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend 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.