Apollon Wealth Management LLC Buys 18,223 Shares of Invesco QQQ (NASDAQ:QQQ)

Apollon Wealth Management LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 16.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 128,116 shares of the exchange traded fund’s stock after purchasing an additional 18,223 shares during the quarter. Invesco QQQ accounts for approximately 1.5% of Apollon Wealth Management LLC’s portfolio, making the stock its 9th biggest holding. Apollon Wealth Management LLC’s holdings in Invesco QQQ were worth $65,496,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Apollon Financial LLC increased its stake in shares of Invesco QQQ by 7.1% in the 4th quarter. Apollon Financial LLC now owns 6,531 shares of the exchange traded fund’s stock valued at $3,339,000 after acquiring an additional 435 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. raised its holdings in shares of Invesco QQQ by 1.1% during the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 79,441 shares of the exchange traded fund’s stock valued at $40,613,000 after purchasing an additional 894 shares during the period. Almanack Investment Partners LLC. boosted its position in shares of Invesco QQQ by 83.1% during the 4th quarter. Almanack Investment Partners LLC. now owns 1,243 shares of the exchange traded fund’s stock worth $636,000 after purchasing an additional 564 shares in the last quarter. Mezzasalma Advisors LLC boosted its position in shares of Invesco QQQ by 6.6% during the 4th quarter. Mezzasalma Advisors LLC now owns 3,227 shares of the exchange traded fund’s stock worth $1,650,000 after purchasing an additional 200 shares in the last quarter. Finally, TFG Advisers LLC grew its stake in shares of Invesco QQQ by 6.9% in the 4th quarter. TFG Advisers LLC now owns 1,874 shares of the exchange traded fund’s stock valued at $958,000 after buying an additional 121 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.3 %

Shares of NASDAQ:QQQ opened at $522.92 on Friday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The business’s 50 day simple moving average is $521.00 and its two-hundred day simple moving average is $495.29.

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 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.