Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Onyx Bridge Wealth Group LLC

Onyx Bridge Wealth Group LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,274 shares of the exchange traded fund’s stock after buying an additional 1,088 shares during the period. Invesco QQQ makes up 4.2% of Onyx Bridge Wealth Group LLC’s holdings, making the stock its 5th largest position. Onyx Bridge Wealth Group LLC’s holdings in Invesco QQQ were worth $20,588,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IMA Wealth Inc. grew its position in Invesco QQQ by 1.3% in the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after buying an additional 25 shares during the last quarter. S.A. Mason LLC raised its position in shares of Invesco QQQ by 1.5% during the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after purchasing an additional 25 shares during the period. Lauterbach Financial Advisors LLC lifted its holdings in shares of Invesco QQQ by 0.4% during the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after purchasing an additional 25 shares during the last quarter. Cedrus LLC boosted its position in shares of Invesco QQQ by 1.7% in the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after purchasing an additional 25 shares during the period. Finally, Waterfront Wealth Inc. increased its stake in Invesco QQQ by 3.1% in the 4th quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock worth $344,000 after purchasing an additional 25 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ stock traded down $8.76 during mid-day trading on Friday, reaching $414.65. 75,140,125 shares of the stock traded hands, compared to its average volume of 46,015,852. Invesco QQQ has a 52-week low of $309.89 and a 52-week high of $449.34. The stock’s fifty day moving average is $437.60 and its 200-day moving average is $407.88.

Invesco QQQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be given a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.55%.

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.