Avantax Advisory Services Inc. Buys 21,242 Shares of Invesco QQQ (NASDAQ:QQQ)

Avantax Advisory Services Inc. raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 401,704 shares of the exchange traded fund’s stock after buying an additional 21,242 shares during the period. Invesco QQQ accounts for approximately 1.3% of Avantax Advisory Services Inc.’s portfolio, making the stock its 11th biggest holding. Avantax Advisory Services Inc.’s holdings in Invesco QQQ were worth $205,363,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. PayPay Securities Corp raised its holdings in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth about $37,000. Hoese & Co LLP increased its stake in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth about $51,000. Finally, Legacy Bridge LLC increased its stake in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $471.60 on Wednesday. The business’s 50-day simple moving average is $517.19 and its 200-day simple moving average is $504.07. The firm has a market capitalization of $297.23 billion, a PE ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

Invesco QQQ Dividend Announcement

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