Silverlake Wealth Management LLC Purchases 3,154 Shares of Invesco QQQ (NASDAQ:QQQ)

Silverlake Wealth Management LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 91.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,594 shares of the exchange traded fund’s stock after purchasing an additional 3,154 shares during the quarter. Invesco QQQ accounts for 1.3% of Silverlake Wealth Management LLC’s investment portfolio, making the stock its 10th largest holding. Silverlake Wealth Management LLC’s holdings in Invesco QQQ were worth $3,371,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Stephens Consulting LLC increased its stake in Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after purchasing an additional 19 shares during the period. Northeast Investment Management increased its stake in Invesco QQQ by 0.6% in the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after purchasing an additional 20 shares during the period. Planning Capital Management Corp increased its stake in Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after purchasing an additional 20 shares during the period. Cardinal Point Capital Management ULC increased 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 during the period. Finally, 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 worth $42,000 after purchasing an additional 20 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.2 %

Shares of Invesco QQQ stock opened at $524.47 on Wednesday. The business’s 50 day simple moving average is $519.78 and its two-hundred day simple moving average is $494.47. 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. Stockholders 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 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.