Forvis Mazars Wealth Advisors LLC Raises Stock Holdings in Invesco QQQ $QQQ

Key Points

• Forvis Mazars Wealth Advisors LLC increased its stake in Invesco QQQ by 5.7% during the first quarter, owning 10,234 shares valued at approximately $4.80 million.
• Goldman Sachs Group Inc. dramatically raised its stake in Invesco QQQ by 959.6%, now owning over 24 million shares valued at around $11.3 billion after significant purchases in the last quarter.
• Invesco QQQ's stock has seen a 0.4% decline recently, with current trading at $577.34 and a yearly range between a low of $402.39 and a high of $583.32.

Forvis Mazars Wealth Advisors LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,234 shares of the exchange traded fund's stock after buying an additional 554 shares during the quarter. Forvis Mazars Wealth Advisors LLC's holdings in Invesco QQQ were worth $4,799,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ during the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ during the 4th quarter worth $36,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ during the 1st quarter valued at about $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ during the 1st quarter valued at about $51,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $57,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock traded down $0.23 during midday trading on Monday, hitting $577.11. 29,721,224 shares of the stock were exchanged, compared to its average volume of 43,988,752. The stock's 50-day simple moving average is $554.13 and its 200 day simple moving average is $514.06. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were given a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.