EverSource Wealth Advisors LLC Has $4.77 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

EverSource Wealth Advisors LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 17.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,321 shares of the exchange traded fund’s stock after purchasing an additional 1,367 shares during the period. EverSource Wealth Advisors LLC’s holdings in Invesco QQQ were worth $4,765,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of QQQ. Sequoia Financial Advisors LLC increased its holdings in shares of Invesco QQQ by 5.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 99,954 shares of the exchange traded fund’s stock worth $51,100,000 after purchasing an additional 4,801 shares during the period. TFO Wealth Partners LLC bought a new stake in Invesco QQQ in the 4th quarter valued at approximately $892,000. New England Private Wealth Advisors LLC boosted its holdings in Invesco QQQ by 6.3% during the fourth quarter. New England Private Wealth Advisors LLC now owns 18,275 shares of the exchange traded fund’s stock worth $9,343,000 after purchasing an additional 1,086 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of Invesco QQQ by 2.9% during the 4th quarter. Moors & Cabot Inc. now owns 23,717 shares of the exchange traded fund’s stock worth $12,125,000 after purchasing an additional 675 shares during the last quarter. Finally, Prosperity Wealth Management Inc. boosted its stake in shares of Invesco QQQ by 49.8% during the 4th quarter. Prosperity Wealth Management Inc. now owns 38,013 shares of the exchange traded fund’s stock worth $19,433,000 after acquiring an additional 12,639 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

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

Invesco QQQ Dividend Announcement

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