Magnus Financial Group LLC Grows Position in Invesco QQQ Trust (NASDAQ:QQQ)

Magnus Financial Group LLC raised its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,545 shares of the exchange traded fund’s stock after purchasing an additional 161 shares during the quarter. Magnus Financial Group LLC’s holdings in Invesco QQQ Trust were worth $3,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Peregrine Asset Advisers Inc. lifted its position in Invesco QQQ Trust by 1.0% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,743 shares of the exchange traded fund’s stock valued at $1,091,000 after buying an additional 28 shares during the period. Pacific Sun Financial Corp lifted its position in Invesco QQQ Trust by 0.5% during the fourth quarter. Pacific Sun Financial Corp now owns 5,237 shares of the exchange traded fund’s stock valued at $2,084,000 after buying an additional 28 shares during the period. Sittner & Nelson LLC lifted its position in Invesco QQQ Trust by 1.6% during the third quarter. Sittner & Nelson LLC now owns 1,930 shares of the exchange traded fund’s stock valued at $691,000 after buying an additional 30 shares during the period. F3Logic LLC increased its holdings in shares of Invesco QQQ Trust by 1.8% during the third quarter. F3Logic LLC now owns 1,687 shares of the exchange traded fund’s stock valued at $607,000 after acquiring an additional 30 shares in the last quarter. Finally, Alliance Wealth Management Group increased its holdings in shares of Invesco QQQ Trust by 1.6% during the fourth quarter. Alliance Wealth Management Group now owns 1,920 shares of the exchange traded fund’s stock valued at $764,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 42.74% of the company’s stock.

NASDAQ QQQ traded up $10.79 during trading hours on Friday, hitting $301.94. The company’s stock had a trading volume of 83,579,597 shares, compared to its average volume of 95,223,272. Invesco QQQ Trust has a 12 month low of $284.94 and a 12 month high of $408.71. The company’s 50 day simple moving average is $336.13 and its two-hundred day simple moving average is $362.59.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Tuesday, March 22nd were issued a $0.434 dividend. The ex-dividend date of this dividend was Monday, March 21st. This represents a $1.74 annualized dividend and a yield of 0.57%.

Invesco QQQ Trust Company Profile (Get Rating)

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.

Featured Stories

Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.