FFT Wealth Management LLC Has $8.43 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

FFT Wealth Management LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,495 shares of the exchange traded fund’s stock after purchasing an additional 1,224 shares during the quarter. Invesco QQQ comprises approximately 0.6% of FFT Wealth Management LLC’s holdings, making the stock its 18th largest holding. FFT Wealth Management LLC’s holdings in Invesco QQQ were worth $8,433,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in QQQ. SOA Wealth Advisors LLC. lifted its stake in shares of Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after purchasing an additional 46 shares during the period. Pettinga Financial Advisors LLC increased its position in shares of Invesco QQQ by 13.6% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock valued at $7,553,000 after buying an additional 1,854 shares in the last quarter. Orrstown Financial Services Inc. bought a new stake in shares of Invesco QQQ in the 3rd quarter valued at $3,016,000. Pallas Capital Advisors LLC increased its position in shares of Invesco QQQ by 4.9% in the 3rd quarter. Pallas Capital Advisors LLC now owns 14,944 shares of the exchange traded fund’s stock valued at $7,357,000 after buying an additional 698 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. increased its position in shares of Invesco QQQ by 27.9% in the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 78,547 shares of the exchange traded fund’s stock valued at $38,337,000 after buying an additional 17,120 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.3 %

QQQ opened at $513.32 on Wednesday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The company has a fifty day simple moving average of $522.57 and a 200 day simple moving average of $502.54. The stock has a market cap of $326.50 billion, a P/E ratio of 33.43 and a beta of 1.09.

Invesco QQQ Dividend Announcement

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