Invesco QQQ (NASDAQ:QQQ) is USAdvisors Wealth Management LLC's Largest Position

USAdvisors Wealth Management LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,085 shares of the exchange traded fund's stock after purchasing an additional 3,479 shares during the period. Invesco QQQ comprises 10.9% of USAdvisors Wealth Management LLC's investment portfolio, making the stock its largest position. USAdvisors Wealth Management LLC's holdings in Invesco QQQ were worth $33,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Ibex Wealth Advisors purchased a new stake in Invesco QQQ in the fourth quarter worth about $6,319,000. Applied Capital LLC increased its stake in shares of Invesco QQQ by 37.7% in the 4th quarter. Applied Capital LLC now owns 1,268 shares of the exchange traded fund's stock worth $648,000 after acquiring an additional 347 shares in the last quarter. Strategic Blueprint LLC increased its stake in shares of Invesco QQQ by 4.0% during the fourth quarter. Strategic Blueprint LLC now owns 17,816 shares of the exchange traded fund's stock valued at $9,108,000 after purchasing an additional 691 shares in the last quarter. Iams Wealth Management LLC increased its position in Invesco QQQ by 9.5% during the 4th quarter. Iams Wealth Management LLC now owns 25,184 shares of the exchange traded fund's stock valued at $12,875,000 after buying an additional 2,185 shares in the last quarter. Finally, Nvest Financial LLC raised its stake in Invesco QQQ by 16.6% during the fourth quarter. Nvest Financial LLC now owns 6,384 shares of the exchange traded fund's stock valued at $3,264,000 after buying an additional 910 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Invesco QQQ stock traded up $1.94 during mid-day trading on Thursday, reaching $522.77. The stock had a trading volume of 16,643,732 shares, compared to its average volume of 32,986,566. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The company has a 50-day moving average price of $518.86 and a two-hundred day moving average price of $493.75.

Invesco QQQ Announces Dividend

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