Legend Financial Advisors Inc. Has $13.27 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Legend Financial Advisors Inc. raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,964 shares of the exchange traded fund’s stock after buying an additional 68 shares during the period. Invesco QQQ comprises approximately 9.4% of Legend Financial Advisors Inc.’s investment portfolio, making the stock its 3rd biggest holding. Legend Financial Advisors Inc.’s holdings in Invesco QQQ were worth $13,273,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in QQQ. International Assets Investment Management LLC lifted its holdings in shares of Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after buying an additional 32,516,210 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Invesco QQQ by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after purchasing an additional 338,494 shares in the last quarter. Toronto Dominion Bank boosted its holdings in Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after purchasing an additional 488,815 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco QQQ by 1.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock worth $1,532,904,000 after purchasing an additional 33,790 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Invesco QQQ by 1.1% during the second quarter. Canada Pension Plan Investment Board now owns 1,800,000 shares of the exchange traded fund’s stock worth $862,398,000 after purchasing an additional 20,000 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 1.8 %

Shares of NASDAQ QQQ traded down $9.36 during mid-day trading on Tuesday, reaching $515.18. The company had a trading volume of 36,478,132 shares, compared to its average volume of 34,359,621. Invesco QQQ has a one year low of $397.84 and a one year high of $539.15. The business’s 50-day simple moving average is $513.21 and its 200 day simple moving average is $490.14.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date 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.