Portland Financial Advisors Inc Purchases New Position in Invesco QQQ (NASDAQ:QQQ)

Portland Financial Advisors Inc purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 428 shares of the exchange traded fund’s stock, valued at approximately $219,000.

Other large investors have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. lifted its position in shares of 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 purchasing an additional 46 shares during the period. Tectonic Advisors LLC acquired a new stake in Invesco QQQ during the 3rd quarter worth about $372,000. Pettinga Financial Advisors LLC boosted its position in shares of Invesco QQQ by 13.6% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock valued at $7,553,000 after purchasing an additional 1,854 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in Invesco QQQ by 16.8% in the third quarter. Arkadios Wealth Advisors now owns 49,052 shares of the exchange traded fund’s stock valued at $23,941,000 after buying an additional 7,069 shares during the period. Finally, NorthCrest Asset Manangement LLC increased its stake in shares of Invesco QQQ by 80.0% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 7,738 shares of the exchange traded fund’s stock valued at $3,776,000 after acquiring an additional 3,440 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $526.08 on Monday. The stock has a 50-day moving average of $523.39 and a 200-day moving average of $501.59. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. 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.