Parkworth Wealth Management Inc. Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Parkworth Wealth Management Inc. purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 930 shares of the exchange traded fund’s stock, valued at approximately $476,000.

Other institutional investors have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. increased its stake 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 valued at $8,477,000 after acquiring an additional 46 shares during the last quarter. Pettinga Financial Advisors LLC increased its stake in shares of Invesco QQQ by 13.6% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock valued at $7,553,000 after acquiring an additional 1,854 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $91,000. First National Trust Co grew its position in shares of Invesco QQQ by 1.2% in the 3rd quarter. First National Trust Co now owns 7,005 shares of the exchange traded fund’s stock valued at $3,419,000 after purchasing an additional 86 shares during the period. Finally, WealthPlan Investment Management LLC grew its position in shares of Invesco QQQ by 1,040.1% in the 3rd quarter. WealthPlan Investment Management LLC now owns 11,150 shares of the exchange traded fund’s stock valued at $5,442,000 after purchasing an additional 10,172 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $471.60 on Wednesday. The stock has a 50 day simple moving average of $517.19 and a 200 day simple moving average of $504.07. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The firm has a market capitalization of $297.23 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

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