Fairvoy Private Wealth LLC Acquires Position in Invesco QQQ

Fairvoy Private Wealth LLC has recently acquired a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, as reported in its latest filing with the Securities and Exchange Commission. The firm purchased 13,237 shares of this exchange-traded fund (ETF), valued at around $6,767,000. With this investment, Invesco QQQ constitutes roughly 1.8% of Fairvoy Private Wealth LLC's overall portfolio, making it the 15th largest holding in the fund's investment strategy.

Several other institutional investors have also made changes to their stakes in Invesco QQQ. For instance, O Connor Financial Group LLC increased its holdings by 6.2% in the third quarter, now owning 17,065 shares valued at $8,329,000 after acquiring an additional 1,000 shares. Marcum Wealth LLC also raised its position by 1.7%, owning 18,961 shares valued at $9,254,000 after adding 308 shares. Similarly, Wedmont Private Capital increased its stake by 0.7%, holding 18,848 shares valued at $9,087,000. Sanibel Captiva Trust Company Inc. boosted its investment by 11.2%, acquiring 5,483 shares valued at $2,676,000 after purchasing an extra 553 shares. Lastly, Patten Group Inc. raised its stake by 3.3%, now owning 1,539 shares valued at $751,000.

In total, institutional investors account for approximately 44.58% of Invesco QQQ's stock.

Invesco QQQ Price Overview

On Friday, NASDAQ QQQ opened at $529.60. Over the past year, Invesco QQQ has experienced a low of $413.07 and a high of $539.15. Its fifty-day moving average stands at $520.51, while the 200-day moving average is $495.05.

Dividend Announcement

Invesco QQQ has announced a dividend which was disbursed on Tuesday, December 31st. Shareholders of record as of Monday, December 23rd, received a dividend of $0.8347. The ex-dividend date for this payout was also on December 23rd.

About Invesco QQQ

The PowerShares QQQ Trust, Series 1, is a unit investment trust issuing securities known as Nasdaq-100 Index Tracking Stock. The investment objective of this trust is to mirror the price and yield performance of the Nasdaq-100 Index, providing investors a way to buy units of beneficial interest in the trust, which represents undivided interests in the portfolio of securities held by the trust.

Further Information

Investors looking for insights into other hedge fund holdings or recent trades involving Invesco QQQ can find additional resources on various financial platforms.

Acquisition, Investment, ETF