Invesco QQQ Trust (NASDAQ:QQQ) Shares Purchased by Pacific Wealth Strategies Group Inc.

Pacific Wealth Strategies Group Inc. grew its position in Invesco QQQ Trust (NASDAQ:QQQ) by 6.9% during the fourth quarter, HoldingsChannel reports. The firm owned 16,529 shares of the exchange traded fund’s stock after buying an additional 1,069 shares during the quarter. Invesco QQQ Trust comprises approximately 6.5% of Pacific Wealth Strategies Group Inc.’s holdings, making the stock its 5th biggest position. Pacific Wealth Strategies Group Inc.’s holdings in Invesco QQQ Trust were worth $6,769,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of QQQ. Marks Group Wealth Management Inc increased its stake in shares of Invesco QQQ Trust by 6.9% in the 4th quarter. Marks Group Wealth Management Inc now owns 1,291 shares of the exchange traded fund’s stock valued at $529,000 after acquiring an additional 83 shares during the last quarter. Roble Belko & Company Inc grew its stake in shares of Invesco QQQ Trust by 1.3% during the 4th quarter. Roble Belko & Company Inc now owns 2,146 shares of the exchange traded fund’s stock worth $879,000 after acquiring an additional 27 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Invesco QQQ Trust by 9.2% in the fourth quarter. Larson Financial Group LLC now owns 93,807 shares of the exchange traded fund’s stock valued at $38,416,000 after buying an additional 7,883 shares in the last quarter. Foster & Motley Inc. bought a new position in Invesco QQQ Trust during the fourth quarter worth $257,000. Finally, Gimbal Financial bought a new position in Invesco QQQ Trust during the fourth quarter worth $288,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trust Stock Up 0.4 %

Shares of QQQ traded up $1.61 during midday trading on Wednesday, reaching $426.68. 18,028,615 shares of the stock were exchanged, compared to its average volume of 45,656,660. The stock’s 50 day simple moving average is $437.20 and its 200 day simple moving average is $409.44. Invesco QQQ Trust has a twelve month low of $309.89 and a twelve month high of $449.34.

Invesco QQQ Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

About Invesco QQQ Trust

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.