Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Private Wealth Partners LLC

Private Wealth Partners LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,227 shares of the exchange traded fund’s stock after buying an additional 1,502 shares during the quarter. Invesco QQQ accounts for 1.5% of Private Wealth Partners LLC’s investment portfolio, making the stock its 21st largest position. Private Wealth Partners LLC’s holdings in Invesco QQQ were worth $19,543,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. lifted its stake in Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after acquiring an additional 46 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Invesco QQQ by 1.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 95,153 shares of the exchange traded fund’s stock valued at $46,441,000 after purchasing an additional 1,012 shares in the last quarter. Sierra Capital LLC lifted its position in shares of Invesco QQQ by 1.6% during the 3rd quarter. Sierra Capital LLC now owns 3,343 shares of the exchange traded fund’s stock worth $1,632,000 after purchasing an additional 54 shares during the last quarter. Xcel Wealth Management LLC lifted its position in shares of Invesco QQQ by 50.1% during the 3rd quarter. Xcel Wealth Management LLC now owns 1,573 shares of the exchange traded fund’s stock worth $768,000 after purchasing an additional 525 shares during the last quarter. Finally, Eastern Bank acquired a new position in shares of Invesco QQQ during the third quarter worth $6,631,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $539.52 on Thursday. The stock’s fifty day moving average is $523.26 and its two-hundred day moving average is $499.81. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.

Invesco QQQ Dividend Announcement

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