Ergawealth Advisors Inc. Has $610,000 Stock Position in Invesco QQQ (NASDAQ:QQQ)

Ergawealth Advisors Inc. lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,490 shares of the exchange traded fund’s stock after acquiring an additional 57 shares during the period. Invesco QQQ makes up approximately 0.4% of Ergawealth Advisors Inc.’s investment portfolio, making the stock its 25th largest position. Ergawealth Advisors Inc.’s holdings in Invesco QQQ were worth $610,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of QQQ. 180 Wealth Advisors LLC grew its stake in Invesco QQQ by 1.2% during the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after buying an additional 29 shares in the last quarter. Bank Hapoalim BM lifted its holdings in shares of Invesco QQQ by 6.3% during the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after acquiring an additional 4,549 shares during the period. Goodwin Daniel L boosted its position in shares of Invesco QQQ by 76.1% during the 3rd quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock worth $2,069,000 after acquiring an additional 2,495 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after acquiring an additional 243,305 shares during the last quarter. Finally, VitalStone Financial LLC increased its stake in Invesco QQQ by 302.0% in the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after acquiring an additional 16,079 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.2 %

Shares of Invesco QQQ stock traded up $0.78 during midday trading on Tuesday, hitting $431.84. 41,219,114 shares of the company traded hands, compared to its average volume of 45,341,145. The firm’s fifty day moving average price is $438.29 and its 200-day moving average price is $406.76. Invesco QQQ has a 12 month low of $309.89 and a 12 month high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors 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 yield of 0.53%.

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.