Whipplewood Advisors LLC Purchases New Holdings in Invesco QQQ (NASDAQ:QQQ)

Whipplewood Advisors LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,416 shares of the exchange traded fund’s stock, valued at approximately $724,000.

Other institutional investors also recently modified their holdings of the company. Stephens Consulting LLC increased its position in Invesco QQQ by 0.4% during the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after buying an additional 19 shares during the period. Northeast Investment Management grew its stake in shares of Invesco QQQ by 0.6% in the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after acquiring an additional 20 shares in the last quarter. Planning Capital Management Corp increased its position in Invesco QQQ by 7.1% during the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 20 shares during the period. Cardinal Point Capital Management ULC raised its stake in Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after purchasing an additional 20 shares in the last quarter. Finally, Hoese & Co LLP boosted its holdings 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 purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2 %

Shares of NASDAQ:QQQ opened at $514.56 on Thursday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The company’s 50 day moving average price is $522.53 and its two-hundred day moving average price is $502.62. The firm has a market cap of $324.30 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

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.

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.