Aries Wealth Management Acquires 1,787 Shares of Invesco QQQ (NASDAQ:QQQ)

Aries Wealth Management lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 154.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,944 shares of the exchange traded fund’s stock after acquiring an additional 1,787 shares during the period. Aries Wealth Management’s holdings in Invesco QQQ were worth $1,505,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hoese & Co LLP increased its stake in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the last quarter. Legacy Bridge LLC grew its holdings in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas purchased a new stake in shares of Invesco QQQ during the third quarter valued at approximately $62,000. Brooklyn Investment Group bought a new stake in Invesco QQQ during the fourth quarter worth $69,000. Finally, Pacifica Partners Inc. purchased a new position in Invesco QQQ in the fourth quarter worth $73,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $535.90 on Friday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The business has a fifty day moving average price of $521.86 and a two-hundred day moving average price of $497.08.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date 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.