Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Sanchez Wealth Management Group

Sanchez Wealth Management Group raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 9.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 41,513 shares of the exchange traded fund’s stock after purchasing an additional 3,688 shares during the quarter. Invesco QQQ makes up approximately 5.8% of Sanchez Wealth Management Group’s investment portfolio, making the stock its 6th largest holding. Sanchez Wealth Management Group’s holdings in Invesco QQQ were worth $21,222,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. SOA Wealth Advisors LLC. lifted its holdings in shares of Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares in the last quarter. Walker Financial Services Inc. lifted its holdings in shares of Invesco QQQ by 3.5% in the 3rd quarter. Walker Financial Services Inc. now owns 4,901 shares of the exchange traded fund’s stock worth $2,392,000 after purchasing an additional 166 shares in the last quarter. LongView Wealth Management lifted its holdings in shares of Invesco QQQ by 3.3% in the 3rd quarter. LongView Wealth Management now owns 10,497 shares of the exchange traded fund’s stock worth $5,123,000 after purchasing an additional 336 shares in the last quarter. Fiduciary Financial Group LLC lifted its holdings in shares of Invesco QQQ by 9.2% in the 3rd quarter. Fiduciary Financial Group LLC now owns 11,575 shares of the exchange traded fund’s stock worth $5,664,000 after purchasing an additional 977 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its position in Invesco QQQ by 4.9% in the 3rd quarter. Valeo Financial Advisors LLC now owns 47,520 shares of the exchange traded fund’s stock valued at $23,193,000 after buying an additional 2,199 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $522.92 on Friday. The business has a fifty day simple moving average of $521.26 and a 200 day simple moving average of $495.57. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15.

Invesco QQQ Announces Dividend

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

Invesco QQQ Company 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.