Outlook Wealth Advisors LLC Has $13.40 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Outlook Wealth Advisors LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 26,212 shares of the exchange traded fund’s stock after selling 322 shares during the period. Invesco QQQ accounts for 3.8% of Outlook Wealth Advisors LLC’s investment portfolio, making the stock its 5th largest holding. Outlook Wealth Advisors LLC’s holdings in Invesco QQQ were worth $13,401,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Legacy Bridge LLC lifted its holdings in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas purchased a new position in shares of Invesco QQQ in the third quarter worth $62,000. Pacifica Partners Inc. purchased a new position in shares of Invesco QQQ in the fourth quarter worth $73,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 63 shares during the last quarter. Finally, Providence Capital Advisors LLC purchased a new position in Invesco QQQ during the second quarter valued at $76,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 2.3 %

Shares of QQQ stock opened at $516.67 on Thursday. The company’s fifty day simple moving average is $515.57 and its two-hundred day simple moving average is $491.47. Invesco QQQ has a 52 week low of $402.92 and a 52 week high of $539.15.

Invesco QQQ Announces Dividend

The company also recently declared 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.

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.