Pinnacle Wealth Planning Services Inc. Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 86.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,381 shares of the exchange traded fund’s stock after acquiring an additional 1,571 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Invesco QQQ were worth $1,728,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Ethos Financial Group LLC lifted its holdings in shares of Invesco QQQ by 49.7% during the fourth quarter. Ethos Financial Group LLC now owns 9,538 shares of the exchange traded fund’s stock worth $4,876,000 after purchasing an additional 3,165 shares during the period. Black Swift Group LLC lifted its holdings in shares of Invesco QQQ by 261.0% during the fourth quarter. Black Swift Group LLC now owns 18,049 shares of the exchange traded fund’s stock worth $9,227,000 after purchasing an additional 13,049 shares during the period. Dana Investment Advisors Inc. lifted its holdings in shares of Invesco QQQ by 0.9% during the fourth quarter. Dana Investment Advisors Inc. now owns 3,406 shares of the exchange traded fund’s stock worth $1,741,000 after purchasing an additional 32 shares during the period. Vision Financial Markets LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $8,561,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of Invesco QQQ by 9.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 15,376 shares of the exchange traded fund’s stock worth $7,861,000 after purchasing an additional 1,382 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.3 %

Invesco QQQ stock opened at $502.01 on Thursday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The company has a market capitalization of $316.39 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The stock has a 50-day moving average price of $520.28 and a 200 day moving average price of $503.86.

Invesco QQQ Announces Dividend

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