MFA Wealth Advisors LLC Has $7.56 Million Position in Invesco QQQ (NASDAQ:QQQ)

MFA Wealth Advisors LLC trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 14,796 shares of the exchange traded fund’s stock after selling 868 shares during the quarter. Invesco QQQ comprises approximately 1.9% of MFA Wealth Advisors LLC’s investment portfolio, making the stock its 18th biggest position. MFA Wealth Advisors LLC’s holdings in Invesco QQQ were worth $7,564,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hoese & Co LLP raised its holdings in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the last quarter. Legacy Bridge LLC lifted its position in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas bought a new stake in Invesco QQQ during the 3rd quarter worth approximately $62,000. Brooklyn Investment Group purchased a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $69,000. Finally, Pacifica Partners Inc. bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $73,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.3 %

NASDAQ QQQ opened at $522.92 on Monday. The company has a fifty day moving average price of $521.26 and a 200-day moving average price of $495.67. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15.

Invesco QQQ Dividend Announcement

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