Foster Victor Wealth Advisors LLC Acquires 3,249 Shares of Invesco QQQ (NASDAQ:QQQ)

Foster Victor Wealth Advisors LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,694 shares of the exchange traded fund’s stock after purchasing an additional 3,249 shares during the period. Invesco QQQ comprises about 1.6% of Foster Victor Wealth Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Foster Victor Wealth Advisors LLC’s holdings in Invesco QQQ were worth $20,710,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of QQQ. Hoese & Co LLP grew its position in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. Legacy Bridge LLC grew its holdings in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the period. BNP Paribas purchased a new stake in Invesco QQQ during the third quarter valued at $62,000. Brooklyn Investment Group bought a new position in Invesco QQQ in the fourth quarter valued at about $69,000. Finally, Pacifica Partners Inc. purchased a new position in Invesco QQQ in the fourth quarter worth about $73,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $520.83 on Thursday. The business has a 50-day simple moving average of $518.51 and a two-hundred day simple moving average of $493.56. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Company 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.