MGO Private Wealth LLC Sells 47 Shares of Invesco QQQ (NASDAQ:QQQ)

MGO Private Wealth LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,091 shares of the exchange traded fund’s stock after selling 47 shares during the quarter. MGO Private Wealth LLC’s holdings in Invesco QQQ were worth $447,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Magnus Financial Group LLC increased its position in Invesco QQQ by 22.9% in the fourth quarter. Magnus Financial Group LLC now owns 9,174 shares of the exchange traded fund’s stock worth $3,757,000 after purchasing an additional 1,711 shares during the period. HHM Wealth Advisors LLC increased its position in Invesco QQQ by 9.9% in the fourth quarter. HHM Wealth Advisors LLC now owns 3,110 shares of the exchange traded fund’s stock worth $1,274,000 after purchasing an additional 281 shares during the period. RiverFront Investment Group LLC increased its position in Invesco QQQ by 9.4% in the fourth quarter. RiverFront Investment Group LLC now owns 103,749 shares of the exchange traded fund’s stock worth $42,487,000 after purchasing an additional 8,946 shares during the period. First Western Trust Bank acquired a new stake in Invesco QQQ in the fourth quarter worth about $201,000. Finally, Omnia Family Wealth LLC acquired a new stake in Invesco QQQ in the fourth quarter worth about $5,683,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded up $6.55 during trading on Friday, hitting $431.00. 41,874,907 shares of the company were exchanged, compared to its average volume of 47,550,872. Invesco QQQ has a 1-year low of $315.05 and a 1-year high of $449.34. The firm’s fifty day moving average price is $436.88 and its 200 day moving average price is $410.40.

Invesco QQQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.53%.

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.