MFA Wealth Advisors LLC Boosts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

MFA Wealth Advisors LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,280 shares of the exchange traded fund's stock after purchasing an additional 484 shares during the period. Invesco QQQ accounts for approximately 1.8% of MFA Wealth Advisors LLC's investment portfolio, making the stock its 17th biggest holding. MFA Wealth Advisors LLC's holdings in Invesco QQQ were worth $7,165,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in QQQ. Providence First Trust Co boosted its stake in shares of Invesco QQQ by 3.0% during the fourth quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock worth $346,000 after buying an additional 20 shares during the period. Diversified Enterprises LLC increased its position in Invesco QQQ by 0.4% in the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock valued at $2,679,000 after acquiring an additional 20 shares during the period. Prevail Innovative Wealth Advisors LLC raised its stake in Invesco QQQ by 4.3% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock valued at $247,000 after acquiring an additional 20 shares during the last quarter. Legacy Investment Solutions LLC lifted its position in Invesco QQQ by 8.2% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock worth $138,000 after acquiring an additional 20 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC lifted its position in Invesco QQQ by 0.3% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after acquiring an additional 20 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.0%

Shares of NASDAQ:QQQ traded down $0.09 during trading on Thursday, reaching $528.99. The company had a trading volume of 43,800,167 shares, compared to its average volume of 38,526,600. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The stock's fifty day moving average price is $497.46 and its 200 day moving average price is $503.26.

Invesco QQQ Cuts Dividend

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

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.