Prasad Wealth Partners LLC Invests $651,000 in Invesco QQQ (NASDAQ:QQQ)

Prasad Wealth Partners LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,273 shares of the exchange traded fund’s stock, valued at approximately $651,000.

Other hedge funds have also made changes to their positions in the company. Strategic Financial Concepts LLC raised its position in shares of Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after buying an additional 4,105,389 shares during the period. Toronto Dominion Bank raised its position in shares of Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after buying an additional 488,815 shares during the period. Cibc World Market Inc. raised its position in shares of Invesco QQQ by 90.0% in the 4th quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after buying an additional 324,948 shares during the period. Bell Bank raised its position in shares of Invesco QQQ by 112.7% in the 4th quarter. Bell Bank now owns 381,080 shares of the exchange traded fund’s stock worth $194,820,000 after buying an additional 201,918 shares during the period. Finally, Empirical Asset Management LLC raised its position in shares of Invesco QQQ by 15,676.3% in the 4th quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after buying an additional 201,597 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.2 %

Shares of QQQ opened at $519.87 on Tuesday. The stock’s fifty day simple moving average is $523.02 and its 200 day simple moving average is $502.10. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given 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.