Gaddis Premier Wealth Advisors LLC Makes New $1.49 Million Investment in Invesco QQQ $QQQ

Gaddis Premier Wealth Advisors LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQFree Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,428 shares of the exchange traded fund’s stock, valued at approximately $1,492,000. Invesco QQQ accounts for approximately 1.1% of Gaddis Premier Wealth Advisors LLC’s holdings, making the stock its 17th biggest position.

Other large investors have also made changes to their positions in the company. Goodman Advisory Group LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $25,000. Shcp LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 43 shares during the period. Rachor Investment Advisory Services LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $29,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $40,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.6%

Shares of QQQ stock opened at $716.07 on Tuesday. The stock has a 50 day simple moving average of $669.76 and a 200-day simple moving average of $632.15. Invesco QQQ has a 1-year low of $523.65 and a 1-year high of $748.65.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%.

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Invesco QQQ Profile

(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.

Further Reading

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

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