BCS Wealth Management Increases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

BCS Wealth Management boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 16.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,492 shares of the exchange traded fund’s stock after buying an additional 1,206 shares during the quarter. Invesco QQQ makes up approximately 1.1% of BCS Wealth Management’s portfolio, making the stock its 23rd biggest position. BCS Wealth Management’s holdings in Invesco QQQ were worth $4,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Legacy Bridge LLC increased its position in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the last quarter. BNP Paribas purchased a new position in Invesco QQQ during the third quarter worth about $62,000. Ritter Daniher Financial Advisory LLC DE increased its position in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 63 shares during the last quarter. Providence Capital Advisors LLC purchased a new stake in shares of Invesco QQQ in the 2nd quarter valued at approximately $76,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Invesco QQQ in the 3rd quarter worth approximately $91,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.3 %

NASDAQ:QQQ opened at $505.56 on Tuesday. Invesco QQQ has a fifty-two week low of $402.92 and a fifty-two week high of $539.15. The company has a 50 day moving average price of $515.32 and a 200 day moving average price of $491.29.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid 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.