WT Wealth Management Boosts Holdings in Invesco QQQ (NASDAQ:QQQ)

WT Wealth Management grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,455 shares of the exchange traded fund’s stock after acquiring an additional 558 shares during the quarter. WT Wealth Management’s holdings in Invesco QQQ were worth $2,278,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. increased its stake in shares of Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after buying an additional 46 shares during the period. Pettinga Financial Advisors LLC increased its stake in shares of Invesco QQQ by 13.6% in the third quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after buying an additional 1,854 shares during the period. Fidelis Capital Partners LLC increased its stake in shares of Invesco QQQ by 3.1% in the third quarter. Fidelis Capital Partners LLC now owns 5,677 shares of the exchange traded fund’s stock worth $2,772,000 after buying an additional 169 shares during the period. Eagle Strategies LLC increased its stake in shares of Invesco QQQ by 8.9% in the third quarter. Eagle Strategies LLC now owns 3,624 shares of the exchange traded fund’s stock worth $1,769,000 after buying an additional 297 shares during the period. Finally, Lodestar Private Asset Management LLC increased its stake in shares of Invesco QQQ by 1.0% in the third quarter. Lodestar Private Asset Management LLC now owns 71,654 shares of the exchange traded fund’s stock worth $34,972,000 after buying an additional 689 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.2 %

Shares of NASDAQ QQQ opened at $514.56 on Thursday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The firm’s fifty day moving average is $522.53 and its 200 day moving average is $502.62. The company has a market cap of $324.30 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

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