Invesco QQQ (NASDAQ:QQQ) Shares Bought by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 16.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,357 shares of the exchange traded fund’s stock after purchasing an additional 476 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Invesco QQQ were worth $1,716,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Accel Wealth Management boosted its position in shares of Invesco QQQ by 2.8% in the fourth quarter. Accel Wealth Management now owns 9,035 shares of the exchange traded fund’s stock worth $4,619,000 after buying an additional 248 shares during the period. Chemung Canal Trust Co. lifted its stake in shares of Invesco QQQ by 0.3% in the fourth quarter. Chemung Canal Trust Co. now owns 15,867 shares of the exchange traded fund’s stock worth $8,112,000 after acquiring an additional 45 shares in the last quarter. Firethorn Wealth Partners LLC acquired a new position in shares of Invesco QQQ in the fourth quarter worth about $257,000. McGuire Investment Group LLC lifted its stake in shares of Invesco QQQ by 0.8% in the fourth quarter. McGuire Investment Group LLC now owns 10,733 shares of the exchange traded fund’s stock worth $5,487,000 after acquiring an additional 87 shares in the last quarter. Finally, Eclectic Associates Inc. ADV lifted its stake in shares of Invesco QQQ by 636.3% in the fourth quarter. Eclectic Associates Inc. ADV now owns 9,292 shares of the exchange traded fund’s stock worth $4,750,000 after acquiring an additional 8,030 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.6 %

NASDAQ:QQQ opened at $529.63 on Friday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The business’s 50-day simple moving average is $517.86 and its 200 day simple moving average is $493.31.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

Invesco QQQ Profile

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.