Alliance Wealth Advisors LLC Increases Stake in Invesco QQQ

Alliance Wealth Advisors LLC has increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.6% during the fourth quarter, as reported in its latest 13F filing with the Securities and Exchange Commission. After this increase, the fund now holds 20,141 shares of the exchange-traded fund, having acquired an additional 515 shares during this period. Invesco QQQ constitutes 5.8% of Alliance Wealth Advisors LLC's total investment portfolio, positioning it as the third-largest holding within the fund. According to the most recent filing, the value of Alliance Wealth Advisors LLC's holdings in Invesco QQQ amounts to $10,297,000.

A number of other hedge funds have also recently adjusted their positions in Invesco QQQ. For instance, Northeast Investment Management raised its stake by 1.9% in the fourth quarter, now owning 3,541 shares worth $1,810,000 after adding 65 shares. Similarly, Benedict Financial Advisors Inc. increased its position by 4.4%, with a total of 5,522 shares valued at $2,823,000 following the purchase of 235 additional shares. Investment Advisory Services Inc. TX ADV also elevated its holdings by 1.3%, now owning 52,284 shares worth $26,729,000 after buying 686 shares. Another firm, Empirical Finance LLC, boosted its stake in Invesco QQQ by 6.0% in the fourth quarter, reaching ownership of 15,419 shares valued at $7,883,000 after acquiring 874 shares. Finally, Empowered Funds LLC entered a new position worth about $2,488,000 in Invesco QQQ.

Invesco QQQ Performance Overview

As of the latest session, Invesco QQQ stock opened at $522.92. The stock has experienced a fifty-two week low of $413.07 and a high of $539.15. Its 50-day simple moving average stands at $521.26, while the two-hundred day simple moving average is at $495.57.

Dividend Declaration Details

Recently, the company declared a dividend, which was distributed on Tuesday, December 31st. Shareholders holding stock as of Monday, December 23rd received a dividend of $0.8347 per share, with the ex-dividend date also set on December 23rd.

About Invesco QQQ

PowerShares QQQ Trust, Series 1, is a unit investment trust that issues securities known as Nasdaq-100 Index Tracking Stock. Its primary investment objective is to achieve investment results that closely correspond to the performance and yield of the Nasdaq-100 Index. This trust offers investors the chance to buy units of beneficial interest, representing proportionate undivided interests in a portfolio of securities, which mirrors the composition and weighting of the Nasdaq-100 Index.

investment, funds, dividend