Wealthstar Advisors LLC Acquires Shares of Invesco QQQ

Wealthstar Advisors LLC has recently established a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter. This information comes from the company's latest filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 866 shares of this exchange-traded fund, with a total value of approximately $443,000.

Changes in Large Investors' Holdings

Several other significant investors have also adjusted their positions in QQQ. For instance, SOA Wealth Advisors LLC increased its holdings in Invesco QQQ by 0.3% in the third quarter, now owning 17,369 shares valued at $8,477,000 after acquiring an additional 46 shares last quarter. Similarly, Matrix Asset Advisors Inc. NY raised its stake in Invesco QQQ by 12.8% in the same period, bringing its total to 1,250 shares worth $610,000 after purchasing another 142 shares.

Furthermore, Annex Advisory Services LLC boosted its holdings by 5.8% in the third quarter, now owning 3,792 shares valued at $1,851,000 after acquiring 207 additional shares. Retirement Planning Group LLC significantly increased its stake by 40.2%, now holding 43,416 shares worth $21,190,000 after adding an additional 12,458 shares. Lastly, Darrow Company Inc. increased its holdings by 1.1%, now possessing 38,431 shares valued at $18,753,000 with an additional 407 shares purchased during the last quarter. Altogether, institutional investors and hedge funds hold approximately 44.58% of Invesco QQQ's stock.

Current Trading Status of Invesco QQQ

On Monday, Invesco QQQ's stock opened at $522.92. The exchange-traded fund has experienced fluctuations throughout the year, recording a 52-week low of $413.07 and a 52-week high of $539.15. Its average share price over the past 50 days is $521.26, while the 200-day moving average stands at $495.67.

Dividend Announcement

Invesco QQQ has also announced a dividend recently, which was distributed on December 31st. Shareholders who were on record as of December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date for this payment was also December 23rd.

About Invesco QQQ

The PowerShares QQQ Trust, Series 1, is a unit investment trust that issues securities known as Nasdaq-100 Index Tracking Stock. Its primary investment objective is to mirror the price and yield performance of the Nasdaq-100 Index. Investors can purchase units of beneficial interest in the Trust, representing their proportionate undivided interests in the portfolio of securities the Trust holds, which predominantly includes the component securities of the Nasdaq-100 Index.

Additional Information

For those interested in exploring what other hedge funds are holding QQQ, resources are available to view the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

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