Alliance Wealth Management Group Has $1.06 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Alliance Wealth Management Group lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 19.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,072 shares of the exchange traded fund’s stock after selling 490 shares during the quarter. Alliance Wealth Management Group’s holdings in Invesco QQQ were worth $1,059,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Front Row Advisors LLC grew its holdings in shares of Invesco QQQ by 1.5% during the fourth quarter. Front Row Advisors LLC now owns 3,658 shares of the exchange traded fund’s stock worth $1,870,000 after buying an additional 53 shares in the last quarter. Headlands Technologies LLC acquired a new position in Invesco QQQ during the 4th quarter worth approximately $10,118,000. Cannon Advisors Inc. grew its stake in shares of Invesco QQQ by 0.4% during the 4th quarter. Cannon Advisors Inc. now owns 21,451 shares of the exchange traded fund’s stock worth $10,966,000 after acquiring an additional 87 shares in the last quarter. National Wealth Management Group LLC raised its holdings in shares of Invesco QQQ by 1.8% in the fourth quarter. National Wealth Management Group LLC now owns 10,738 shares of the exchange traded fund’s stock valued at $5,490,000 after purchasing an additional 192 shares during the last quarter. Finally, Nemes Rush Group LLC lifted its position in shares of Invesco QQQ by 59.6% in the fourth quarter. Nemes Rush Group LLC now owns 1,136 shares of the exchange traded fund’s stock worth $581,000 after purchasing an additional 424 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.0 %

Invesco QQQ stock opened at $468.92 on Tuesday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The company has a fifty day simple moving average of $507.38 and a 200 day simple moving average of $505.32. The company has a market cap of $297.46 billion, a P/E ratio of 30.05 and a beta of 1.18.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

Invesco QQQ Company 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.