Invesco QQQ (NASDAQ:QQQ) is Sightline Wealth Advisors LLC's 9th Largest Position

Sightline Wealth Advisors LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 22.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,162 shares of the exchange traded fund's stock after acquiring an additional 1,695 shares during the period. Invesco QQQ makes up 2.5% of Sightline Wealth Advisors LLC's holdings, making the stock its 9th biggest holding. Sightline Wealth Advisors LLC's holdings in Invesco QQQ were worth $4,684,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Peddock Capital Advisors LLC grew its stake in shares of Invesco QQQ by 2.4% in the 4th quarter. Peddock Capital Advisors LLC now owns 6,185 shares of the exchange traded fund's stock worth $3,162,000 after acquiring an additional 146 shares in the last quarter. Courier Capital LLC lifted its position in shares of Invesco QQQ by 1.4% during the fourth quarter. Courier Capital LLC now owns 9,644 shares of the exchange traded fund's stock valued at $4,930,000 after purchasing an additional 132 shares in the last quarter. Parisi Gray Wealth Management boosted its holdings in Invesco QQQ by 0.5% during the fourth quarter. Parisi Gray Wealth Management now owns 44,627 shares of the exchange traded fund's stock worth $22,815,000 after purchasing an additional 224 shares during the last quarter. Horizon Wealth Management LLC grew its position in Invesco QQQ by 171.6% in the 4th quarter. Horizon Wealth Management LLC now owns 123,341 shares of the exchange traded fund's stock worth $63,055,000 after purchasing an additional 77,920 shares in the last quarter. Finally, Heritage Wealth Partners LLC increased its stake in Invesco QQQ by 0.5% in the 4th quarter. Heritage Wealth Partners LLC now owns 10,104 shares of the exchange traded fund's stock valued at $5,166,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Invesco QQQ stock traded down $2.79 during trading on Tuesday, hitting $502.77. The stock had a trading volume of 26,540,064 shares, compared to its average volume of 33,301,688. The stock's 50 day moving average is $515.32 and its two-hundred day moving average is $491.29. Invesco QQQ has a 1 year low of $402.92 and a 1 year high of $539.15.

Invesco QQQ Announces Dividend

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