Droms Strauss Advisors Inc. MO ADV Has $19.19 Million Stake in Invesco QQQ $QQQ

Droms Strauss Advisors Inc. MO ADV lessened its position in Invesco QQQ (NASDAQ:QQQFree Report) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,957 shares of the exchange traded fund’s stock after selling 2,095 shares during the quarter. Invesco QQQ makes up about 5.6% of Droms Strauss Advisors Inc. MO ADV’s portfolio, making the stock its 7th biggest position. Droms Strauss Advisors Inc. MO ADV’s holdings in Invesco QQQ were worth $19,186,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of QQQ. Morgan Dempsey Capital Management LLC bought a new stake in Invesco QQQ during the 2nd quarter worth about $30,000. Navigoe LLC grew its holdings in shares of Invesco QQQ by 300.0% in the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 45 shares in the last quarter. PayPay Securities Corp grew its holdings in shares of Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 30 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the third quarter valued at about $42,000. Finally, Moser Wealth Advisors LLC raised its holdings in Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 93 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $626.14 on Tuesday. The stock has a 50 day moving average price of $620.25 and a 200 day moving average price of $601.30. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a $0.7941 dividend. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69.

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About Invesco QQQ

(Free Report)

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 (NASDAQ:QQQ)

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