Gradient Investments LLC Grows Position in Invesco QQQ (NASDAQ:QQQ)

Gradient Investments LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,176 shares of the exchange traded fund’s stock after buying an additional 43 shares during the period. Gradient Investments LLC’s holdings in Invesco QQQ were worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wolff Financial Management LLC raised its holdings in shares of Invesco QQQ by 0.6% during the 4th quarter. Wolff Financial Management LLC now owns 3,276 shares of the exchange traded fund’s stock worth $1,675,000 after acquiring an additional 21 shares during the period. CX Institutional increased its position in Invesco QQQ by 40.4% during the fourth quarter. CX Institutional now owns 3,497 shares of the exchange traded fund’s stock worth $1,788,000 after purchasing an additional 1,007 shares during the last quarter. Berbice Capital Management LLC purchased a new position in Invesco QQQ during the fourth quarter worth about $1,763,000. Impact Partnership Wealth LLC boosted its holdings in Invesco QQQ by 41.8% in the 4th quarter. Impact Partnership Wealth LLC now owns 69,071 shares of the exchange traded fund’s stock valued at $35,311,000 after purchasing an additional 20,360 shares during the last quarter. Finally, Patriot Investment Management Group Inc. grew its stake in shares of Invesco QQQ by 0.3% in the 4th quarter. Patriot Investment Management Group Inc. now owns 9,021 shares of the exchange traded fund’s stock valued at $4,612,000 after buying an additional 25 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.6 %

Shares of Invesco QQQ stock opened at $529.63 on Friday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15. The stock has a 50 day moving average of $517.86 and a 200 day moving average of $493.31.

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 paid a dividend of $0.8347 per share. 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.