Wilkins Miller Wealth Management LLC Invests $1.02 Million in Invesco QQQ (NASDAQ:QQQ)

Wilkins Miller Wealth Management LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,991 shares of the exchange traded fund's stock, valued at approximately $1,018,000. Invesco QQQ makes up 1.1% of Wilkins Miller Wealth Management LLC's portfolio, making the stock its 23rd largest position.

A number of other large investors have also recently made changes to their positions in the stock. Wealth Group Ltd. increased its holdings in shares of Invesco QQQ by 6.9% in the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock worth $810,000 after purchasing an additional 102 shares during the period. Tallon Kerry Patrick bought a new position in Invesco QQQ in the 4th quarter worth about $4,904,000. Capital & Planning LLC increased its stake in Invesco QQQ by 5.0% in the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock worth $2,477,000 after acquiring an additional 229 shares during the last quarter. Naviter Wealth LLC raised its holdings in shares of Invesco QQQ by 8.8% in the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock valued at $675,000 after acquiring an additional 107 shares in the last quarter. Finally, Eagle Capital Management LLC boosted its position in shares of Invesco QQQ by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after acquiring an additional 185 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.3%

Shares of NASDAQ QQQ traded up $1.59 during midday trading on Thursday, hitting $520.50. 37,826,033 shares of the company's stock were exchanged, compared to its average volume of 37,492,609. The business's fifty day moving average price is $477.01 and its two-hundred day moving average price is $501.03. The company has a market cap of $326.17 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco QQQ

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.