Daymark Wealth Partners LLC Has $5.42 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Daymark Wealth Partners LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,244 shares of the exchange traded fund’s stock after buying an additional 194 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Invesco QQQ were worth $5,424,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of QQQ. Moneta Group Investment Advisors LLC raised its stake in Invesco QQQ by 156,045.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after purchasing an additional 43,463,232 shares in the last quarter. Morgan Stanley raised its stake in Invesco QQQ by 10.0% in the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after purchasing an additional 1,533,114 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Invesco QQQ by 296.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,523,694 shares of the exchange traded fund’s stock worth $3,887,663,000 after purchasing an additional 7,868,131 shares in the last quarter. Barclays PLC raised its stake in Invesco QQQ by 113.5% in the 2nd quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock worth $2,134,368,000 after purchasing an additional 48,423,350 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Invesco QQQ by 1.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after purchasing an additional 52,019 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Invesco QQQ Trading Down 1.2 %

Shares of Invesco QQQ stock opened at $433.92 on Friday. Invesco QQQ has a twelve month low of $297.19 and a twelve month high of $448.64. The company has a 50-day simple moving average of $428.22 and a two-hundred day simple moving average of $395.90.

Invesco QQQ Announces Dividend

The company also recently announced a None dividend, which was paid on Monday, January 15th. Stockholders of record on Thursday, December 28th were given a $0.2158 dividend. The ex-dividend date of this dividend was Wednesday, December 27th.

Invesco QQQ Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.