FSM Wealth Advisors LLC Buys 576 Shares of Invesco QQQ (NASDAQ:QQQ)

FSM Wealth Advisors LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 15.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,240 shares of the exchange traded fund’s stock after acquiring an additional 576 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Invesco QQQ were worth $2,176,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. KPP Advisory Services LLC lifted its stake in Invesco QQQ by 4.2% in the 4th quarter. KPP Advisory Services LLC now owns 42,479 shares of the exchange traded fund’s stock valued at $21,717,000 after purchasing an additional 1,712 shares during the last quarter. Baskin Financial Services Inc. raised its stake in shares of Invesco QQQ by 11.9% during the fourth quarter. Baskin Financial Services Inc. now owns 1,097 shares of the exchange traded fund’s stock valued at $561,000 after acquiring an additional 117 shares during the last quarter. Red Tortoise LLC raised its stake in shares of Invesco QQQ by 47.1% during the fourth quarter. Red Tortoise LLC now owns 153 shares of the exchange traded fund’s stock valued at $78,000 after acquiring an additional 49 shares during the last quarter. Cook Wealth LLC bought a new position in shares of Invesco QQQ during the fourth quarter valued at $224,000. Finally, CFM Wealth Partners LLC raised its stake in shares of Invesco QQQ by 0.7% during the fourth quarter. CFM Wealth Partners LLC now owns 17,334 shares of the exchange traded fund’s stock valued at $8,862,000 after acquiring an additional 125 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1 %

QQQ stock opened at $522.29 on Monday. The company has a fifty day moving average price of $519.55 and a 200-day moving average price of $494.12. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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.