Savvy Advisors Inc. Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

Savvy Advisors Inc. increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,531 shares of the exchange traded fund's stock after acquiring an additional 1,010 shares during the period. Invesco QQQ makes up about 0.7% of Savvy Advisors Inc.'s holdings, making the stock its 22nd biggest position. Savvy Advisors Inc.'s holdings in Invesco QQQ were worth $5,895,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. grew its stake in Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock worth $8,477,000 after buying an additional 46 shares in the last quarter. McIlrath & Eck LLC increased its stake in Invesco QQQ by 15.9% in the third quarter. McIlrath & Eck LLC now owns 20,218 shares of the exchange traded fund's stock valued at $9,868,000 after acquiring an additional 2,767 shares during the last quarter. Advisory Resource Group raised its position in Invesco QQQ by 5.8% during the third quarter. Advisory Resource Group now owns 14,457 shares of the exchange traded fund's stock valued at $7,056,000 after purchasing an additional 791 shares in the last quarter. Tudor Financial Inc. bought a new stake in Invesco QQQ during the third quarter worth about $3,376,000. Finally, Anchor Investment Management LLC boosted its holdings in shares of Invesco QQQ by 1.6% in the 3rd quarter. Anchor Investment Management LLC now owns 42,889 shares of the exchange traded fund's stock worth $20,933,000 after purchasing an additional 693 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.1 %

Shares of NASDAQ QQQ traded down $0.36 during trading hours on Thursday, reaching $443.82. 44,745,116 shares of the stock traded hands, compared to its average volume of 36,747,518. The company has a market capitalization of $284.56 billion, a P/E ratio of 30.05 and a beta of 1.11. The company's 50-day simple moving average is $485.93 and its two-hundred day simple moving average is $501.62. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date is 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.