Good Life Advisors LLC Has $7.17 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Good Life Advisors LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,283 shares of the exchange traded fund’s stock after purchasing an additional 809 shares during the quarter. Good Life Advisors LLC’s holdings in Invesco QQQ were worth $7,167,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $37,000. Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ during the fourth quarter worth approximately $51,000. Finally, Banque Transatlantique SA acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $526.96 on Monday. The stock has a fifty day moving average of $492.58 and a 200-day moving average of $502.73. The company has a market capitalization of $330.22 billion, a P/E ratio of 32.66 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed 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.

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.