Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Proathlete Wealth Management LLC

Proathlete Wealth Management LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 8.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 26,325 shares of the exchange traded fund’s stock after buying an additional 2,008 shares during the period. Invesco QQQ accounts for about 5.1% of Proathlete Wealth Management LLC’s holdings, making the stock its 5th largest position. Proathlete Wealth Management LLC’s holdings in Invesco QQQ were worth $13,461,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of QQQ. Hoese & Co LLP grew its position in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares in the last quarter. Legacy Bridge LLC lifted its position in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the period. BNP Paribas bought a new stake in shares of Invesco QQQ in the 3rd quarter worth approximately $62,000. Brooklyn Investment Group acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $69,000. Finally, Ritter Daniher Financial Advisory LLC DE increased its position in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.5 %

Shares of QQQ stock opened at $521.88 on Wednesday. The stock has a fifty day moving average price of $518.14 and a 200 day moving average price of $493.37. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. 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.