Invesco QQQ (NASDAQ:QQQ) is Avaii Wealth Management LLC’s 7th Largest Position

Avaii Wealth Management LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,797 shares of the exchange traded fund’s stock after buying an additional 280 shares during the quarter. Invesco QQQ makes up approximately 3.4% of Avaii Wealth Management LLC’s portfolio, making the stock its 7th largest holding. Avaii Wealth Management LLC’s holdings in Invesco QQQ were worth $5,241,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QQQ. International Assets Investment Management LLC lifted its position in shares of Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after purchasing an additional 28,263,426 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Invesco QQQ by 1.2% in the third quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after purchasing an additional 52,019 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Invesco QQQ by 6.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after buying an additional 243,305 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Invesco QQQ by 5.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,312,133 shares of the exchange traded fund’s stock worth $828,368,000 after purchasing an additional 114,095 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Invesco QQQ by 2.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock worth $663,516,000 after purchasing an additional 43,000 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4 %

Shares of QQQ traded up $1.61 during mid-day trading on Monday, hitting $432.61. 14,857,160 shares of the stock were exchanged, compared to its average volume of 45,743,563. Invesco QQQ has a 52-week low of $315.11 and a 52-week high of $449.34. The firm has a 50-day moving average of $436.88 and a two-hundred day moving average of $410.68.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.53%.

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.