Praetorian Wealth Management Inc. Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Praetorian Wealth Management Inc. bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, Holdings Channel reports. The firm bought 414 shares of the exchange traded fund’s stock, valued at approximately $212,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Northeast Investment Management boosted 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 valued at $1,697,000 after purchasing an additional 20 shares during the period. Planning Capital Management Corp boosted 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 valued at $146,000 after purchasing an additional 20 shares during the period. Skyline Advisors Inc. lifted its position in shares of Invesco QQQ by 5.0% during the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after acquiring an additional 21 shares during the period. Madden Advisory Services Inc. lifted its position in shares of Invesco QQQ by 0.9% during the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after acquiring an additional 21 shares during the period. Finally, Meridian Management Co. lifted its position in shares of Invesco QQQ by 0.6% during the 3rd quarter. Meridian Management Co. now owns 3,361 shares of the exchange traded fund’s stock valued at $1,640,000 after acquiring an additional 21 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded down $6.78 during trading on Friday, reaching $508.49. 31,205,065 shares of the company traded hands, compared to its average volume of 33,287,629. The company’s 50 day moving average is $514.52 and its two-hundred day moving average is $490.73. Invesco QQQ has a 52 week low of $402.92 and a 52 week high of $539.15.

Invesco QQQ Announces Dividend

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