Elwood & Goetz Wealth Advisory Group LLC Purchases New Position in Invesco QQQ (NASDAQ:QQQ)

Elwood & Goetz Wealth Advisory Group LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 436 shares of the exchange traded fund’s stock, valued at approximately $223,000.

Other large investors have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. lifted its position in shares of Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after buying an additional 46 shares in the last quarter. Tectonic Advisors LLC bought a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $372,000. Heritage Oak Wealth Advisors LLC bought a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $7,923,000. Canal Capital Management LLC lifted its position in shares of Invesco QQQ by 13.7% during the 3rd quarter. Canal Capital Management LLC now owns 18,542 shares of the exchange traded fund’s stock worth $9,050,000 after buying an additional 2,230 shares in the last quarter. Finally, HWG Holdings LP lifted its position in shares of Invesco QQQ by 37.0% during the 3rd quarter. HWG Holdings LP now owns 33,769 shares of the exchange traded fund’s stock worth $16,482,000 after buying an additional 9,128 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $526.08 on Friday. The company has a 50 day moving average of $523.39 and a 200-day moving average of $501.12. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81.

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 paid a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ 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.