Magnolia Capital Advisors LLC Makes New $315,000 Investment in Invesco QQQ Trust (NASDAQ:QQQ)

Magnolia Capital Advisors LLC purchased a new position in shares of Invesco QQQ Trust (NASDAQ:QQQ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 740 shares of the exchange traded fund’s stock, valued at approximately $315,000.

Other large investors also recently added to or reduced their stakes in the company. IMA Wealth Inc. raised its stake in shares of Invesco QQQ Trust by 1.3% in the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after purchasing an additional 25 shares in the last quarter. S.A. Mason LLC raised its stake in shares of Invesco QQQ Trust by 1.5% in the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after purchasing an additional 25 shares in the last quarter. Lauterbach Financial Advisors LLC raised its stake in shares of Invesco QQQ Trust by 0.4% in the 4th 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 in the last quarter. Cedrus LLC raised its stake in shares of Invesco QQQ Trust 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 in the last quarter. Finally, Waterfront Wealth Inc. raised its stake in shares of Invesco QQQ Trust by 3.1% in the 4th quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock valued at $344,000 after purchasing an additional 25 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trust Stock Performance

Shares of Invesco QQQ Trust stock traded up $1.44 during trading on Wednesday, reaching $426.51. The company had a trading volume of 46,222,772 shares, compared to its average volume of 46,039,938. The firm’s fifty day moving average is $437.07 and its 200-day moving average is $409.56. Invesco QQQ Trust has a fifty-two week low of $309.89 and a fifty-two week high of $449.34.

Invesco QQQ Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.54%.

Invesco QQQ Trust 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.