Magnus Financial Group LLC Purchases 161 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

Magnus Financial Group LLC grew its position in Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,545 shares of the exchange traded fund’s stock after acquiring an additional 161 shares during the quarter. Magnus Financial Group LLC’s holdings in Invesco QQQ Trust were worth $3,002,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sovereign Financial Group Inc. increased its position in shares of Invesco QQQ Trust by 4.0% during the 3rd quarter. Sovereign Financial Group Inc. now owns 11,382 shares of the exchange traded fund’s stock valued at $4,074,000 after purchasing an additional 436 shares during the last quarter. Well Done LLC grew its position in Invesco QQQ Trust by 61.6% in the 4th quarter. Well Done LLC now owns 6,293 shares of the exchange traded fund’s stock valued at $2,504,000 after acquiring an additional 2,400 shares during the last quarter. Garrett Investment Advisors LLC bought a new position in Invesco QQQ Trust in the 4th quarter valued at $267,000. AAFMAA Wealth Management & Trust LLC bought a new position in Invesco QQQ Trust in the 4th quarter valued at $5,968,000. Finally, Koshinski Asset Management Inc. grew its position in Invesco QQQ Trust by 12.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 38,490 shares of the exchange traded fund’s stock valued at $15,313,000 after acquiring an additional 4,147 shares during the last quarter. 42.74% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trust stock traded up $10.79 during mid-day trading on Friday, hitting $301.94. The company’s stock had a trading volume of 83,579,597 shares, compared to its average volume of 95,223,272. The company has a 50 day moving average of $336.13 and a 200-day moving average of $362.59. Invesco QQQ Trust has a one year low of $284.94 and a one year high of $408.71.

The company also recently announced a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Tuesday, March 22nd were issued a $0.434 dividend. This represents a $1.74 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Monday, March 21st.

Invesco QQQ Trust Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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