Financial & Tax Architects LLC Purchases 79 Shares of Invesco QQQ (NASDAQ:QQQ)

Financial & Tax Architects LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 9.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 915 shares of the exchange traded fund’s stock after buying an additional 79 shares during the period. Financial & Tax Architects LLC’s holdings in Invesco QQQ were worth $468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cherrydale Wealth Management LLC boosted its holdings in Invesco QQQ by 111.2% in the 4th quarter. Cherrydale Wealth Management LLC now owns 12,509 shares of the exchange traded fund’s stock valued at $6,395,000 after purchasing an additional 6,585 shares during the period. Gill Capital Partners LLC boosted its stake in shares of Invesco QQQ by 11.3% in the fourth quarter. Gill Capital Partners LLC now owns 14,406 shares of the exchange traded fund’s stock valued at $7,365,000 after buying an additional 1,464 shares during the period. Premier Path Wealth Partners LLC grew its position in Invesco QQQ by 1.1% during the fourth quarter. Premier Path Wealth Partners LLC now owns 3,993 shares of the exchange traded fund’s stock worth $2,042,000 after buying an additional 43 shares in the last quarter. Cohen Klingenstein LLC increased its stake in Invesco QQQ by 8.6% during the 4th quarter. Cohen Klingenstein LLC now owns 346,700 shares of the exchange traded fund’s stock worth $177,243,000 after acquiring an additional 27,588 shares during the period. Finally, Sanibel Captiva Trust Company Inc. raised its holdings in Invesco QQQ by 8.9% in the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 5,969 shares of the exchange traded fund’s stock valued at $3,052,000 after acquiring an additional 486 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ opened at $521.74 on Friday. Invesco QQQ has a 52-week low of $409.16 and a 52-week high of $539.15. The business’s fifty day moving average is $515.94 and its 200-day moving average is $492.08.

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 of this dividend 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.