MGO Private Wealth LLC Has $1.55 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

MGO Private Wealth LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 110.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,295 shares of the exchange traded fund's stock after purchasing an additional 1,733 shares during the period. Invesco QQQ comprises 1.1% of MGO Private Wealth LLC's holdings, making the stock its 24th largest holding. MGO Private Wealth LLC's holdings in Invesco QQQ were worth $1,545,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Proficio Capital Partners LLC grew its position in shares of Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after purchasing an additional 11,478,188 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Invesco QQQ by 20.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after acquiring an additional 756,990 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Invesco QQQ by 0.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock worth $1,593,354,000 after acquiring an additional 27,115 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Invesco QQQ by 2.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock worth $1,239,886,000 after acquiring an additional 52,235 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Invesco QQQ by 34.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock worth $1,124,614,000 after acquiring an additional 568,120 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.0%

Shares of Invesco QQQ stock opened at $528.99 on Thursday. The company has a 50 day moving average of $497.46 and a 200-day moving average of $503.26. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.