Redhawk Wealth Advisors Inc. Acquires 214 Shares of Invesco QQQ (NASDAQ:QQQ)

Redhawk Wealth Advisors Inc. increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,353 shares of the exchange traded fund’s stock after purchasing an additional 214 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Invesco QQQ were worth $5,293,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Godsey & Gibb Inc. grew its stake in shares of Invesco QQQ by 1.5% during the fourth quarter. Godsey & Gibb Inc. now owns 1,720 shares of the exchange traded fund’s stock worth $879,000 after purchasing an additional 26 shares during the period. Armstrong Advisory Group Inc. boosted its holdings in Invesco QQQ by 2.1% during the fourth quarter. Armstrong Advisory Group Inc. now owns 8,841 shares of the exchange traded fund’s stock worth $4,520,000 after buying an additional 178 shares during the last quarter. Advisors Management Group Inc. ADV boosted its holdings in Invesco QQQ by 11.3% during the fourth quarter. Advisors Management Group Inc. ADV now owns 6,472 shares of the exchange traded fund’s stock worth $3,309,000 after buying an additional 657 shares during the last quarter. CHURCHILL MANAGEMENT Corp grew its position in shares of Invesco QQQ by 0.8% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock worth $940,676,000 after buying an additional 13,772 shares during the period. Finally, Rockingstone Advisors LLC increased its stake in shares of Invesco QQQ by 11.0% in the 4th quarter. Rockingstone Advisors LLC now owns 1,815 shares of the exchange traded fund’s stock valued at $928,000 after acquiring an additional 180 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 2.3 %

Shares of NASDAQ:QQQ opened at $516.67 on Thursday. The firm’s 50 day simple moving average is $515.57 and its 200 day simple moving average is $491.47. Invesco QQQ has a fifty-two week low of $402.92 and a fifty-two week high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. 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.