Invesco QQQ (NASDAQ:QQQ) is Steward Partners Investment Advisory LLC’s 9th Largest Position

Steward Partners Investment Advisory LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 279,334 shares of the exchange traded fund’s stock after purchasing an additional 1,749 shares during the quarter. Invesco QQQ comprises about 1.3% of Steward Partners Investment Advisory LLC’s holdings, making the stock its 9th largest position. Steward Partners Investment Advisory LLC’s holdings in Invesco QQQ were worth $142,804,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in QQQ. GAMMA Investing LLC lifted its stake in Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after purchasing an additional 2,059 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after purchasing an additional 11,351 shares during the period. Socha Financial Group LLC increased its holdings in Invesco QQQ by 2.4% during the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after purchasing an additional 2,171 shares during the period. NRI Wealth Management LC purchased a new position in Invesco QQQ during the 4th quarter valued at about $28,729,000. Finally, Garden State Investment Advisory Services LLC grew its holdings in shares of Invesco QQQ by 13.1% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after acquiring an additional 3,581 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $497.05 on Tuesday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The business’s 50 day moving average price is $521.53 and its two-hundred day moving average price is $503.73. The company has a market capitalization of $313.27 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.8347 dividend. 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.