International Private Wealth Advisors LLC Has $1.06 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

International Private Wealth Advisors LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 66.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,073 shares of the exchange traded fund’s stock after purchasing an additional 829 shares during the period. Invesco QQQ makes up 1.1% of International Private Wealth Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. International Private Wealth Advisors LLC’s holdings in Invesco QQQ were worth $1,060,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its stake in shares of Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after acquiring an additional 32,516,210 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Invesco QQQ by 13.0% in the third 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. Cibc World Market Inc. lifted its stake in shares of Invesco QQQ by 90.0% in the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after buying an additional 324,948 shares during the last quarter. Finally, Empirical Asset Management LLC lifted its stake in shares of Invesco QQQ by 15,676.3% in the fourth quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after buying an additional 201,597 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.2 %

NASDAQ:QQQ opened at $529.25 on Tuesday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The firm’s fifty day simple moving average is $521.26 and its 200 day simple moving average is $495.90.

Invesco QQQ Announces Dividend

The firm also recently declared 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 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.