Daner Wealth Management LLC Invests $330,000 in Invesco QQQ (NASDAQ:QQQ)

Daner Wealth Management LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 630 shares of the exchange traded fund’s stock, valued at approximately $330,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FFT Wealth Management LLC grew its stake in shares of Invesco QQQ by 8.0% during the 4th quarter. FFT Wealth Management LLC now owns 16,495 shares of the exchange traded fund’s stock worth $8,433,000 after purchasing an additional 1,224 shares during the period. MorganRosel Wealth Management LLC increased its holdings in Invesco QQQ by 3,029.8% in the 4th quarter. MorganRosel Wealth Management LLC now owns 15,649 shares of the exchange traded fund’s stock worth $8,000,000 after acquiring an additional 15,149 shares in the last quarter. Strategent Financial LLC purchased a new stake in Invesco QQQ in the 4th quarter worth $14,156,000. FourThought Financial Partners LLC increased its holdings in Invesco QQQ by 2.1% in the 4th quarter. FourThought Financial Partners LLC now owns 11,305 shares of the exchange traded fund’s stock worth $5,780,000 after acquiring an additional 234 shares in the last quarter. Finally, Continuum Wealth Advisors LLC purchased a new stake in Invesco QQQ in the 4th quarter worth $250,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $513.32 on Wednesday. The firm has a market cap of $326.50 billion, a PE ratio of 33.43 and a beta of 1.09. The firm has a fifty day moving average of $522.57 and a 200 day moving average of $502.54. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81.

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 issued a $0.8347 dividend. The ex-dividend date 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.