Outlook Wealth Advisors LLC Has $13.21 Million Position in Invesco QQQ (NASDAQ:QQQ)

Outlook Wealth Advisors LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,167 shares of the exchange traded fund's stock after buying an additional 1,955 shares during the period. Invesco QQQ makes up about 3.7% of Outlook Wealth Advisors LLC's holdings, making the stock its 6th biggest position. Outlook Wealth Advisors LLC's holdings in Invesco QQQ were worth $13,208,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wilkins Miller Wealth Management LLC purchased a new position in shares of Invesco QQQ during the 4th quarter valued at $1,018,000. Synergy Investment Management LLC acquired a new stake in Invesco QQQ during the fourth quarter valued at $723,000. Grant Private Wealth Management Inc acquired a new stake in Invesco QQQ during the fourth quarter valued at $815,000. Tandem Investment Partners LLC purchased a new position in Invesco QQQ in the fourth quarter valued at about $4,623,000. Finally, Gemsstock Ltd. increased its position in Invesco QQQ by 266.4% in the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after purchasing an additional 213,400 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded up $0.78 during trading on Monday, hitting $530.70. 33,438,171 shares of the stock traded hands, compared to its average volume of 38,043,645. The stock has a market cap of $332.56 billion, a P/E ratio of 32.66 and a beta of 1.11. The company has a fifty day moving average price of $483.20 and a two-hundred day moving average price of $501.85. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

Invesco QQQ Company 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.