Mainstream Capital Management LLC Takes Position in Invesco QQQ (NASDAQ:QQQ)

Mainstream Capital Management LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 380 shares of the exchange traded fund’s stock, valued at approximately $194,000.

Several other institutional investors also recently modified their holdings of the business. SOA Wealth Advisors LLC. grew its holdings in Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after purchasing an additional 46 shares during the period. Pettinga Financial Advisors LLC grew its holdings in Invesco QQQ by 13.6% during the third quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock valued at $7,553,000 after purchasing an additional 1,854 shares during the period. Optas LLC bought a new position in Invesco QQQ during the third quarter valued at $325,000. Harbor Capital Advisors Inc. grew its holdings in Invesco QQQ by 5.0% during the third quarter. Harbor Capital Advisors Inc. now owns 589 shares of the exchange traded fund’s stock valued at $287,000 after purchasing an additional 28 shares during the period. Finally, Nvwm LLC grew its holdings in Invesco QQQ by 8.7% during the third quarter. Nvwm LLC now owns 275 shares of the exchange traded fund’s stock valued at $134,000 after purchasing an additional 22 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $497.05 on Tuesday. The company has a market cap of $313.27 billion, a P/E ratio of 33.43 and a beta of 1.11. The stock’s fifty day moving average price is $521.53 and its two-hundred day moving average price is $503.73. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.