Partners Wealth Management LLC Takes $998,000 Position in Invesco QQQ (NASDAQ:QQQ)

Partners Wealth Management LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,953 shares of the exchange traded fund’s stock, valued at approximately $998,000. Invesco QQQ accounts for 1.1% of Partners Wealth Management LLC’s portfolio, making the stock its 24th biggest holding.

Other hedge funds also recently modified their holdings of the company. SOA Wealth Advisors LLC. raised 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 valued at $8,477,000 after purchasing an additional 46 shares in the last quarter. Tectonic Advisors LLC acquired a new position in shares of Invesco QQQ in the third quarter valued at $372,000. Pettinga Financial Advisors LLC raised 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 valued at $7,553,000 after purchasing an additional 1,854 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of Invesco QQQ by 16.8% in the third quarter. Arkadios Wealth Advisors now owns 49,052 shares of the exchange traded fund’s stock valued at $23,941,000 after purchasing an additional 7,069 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC raised its stake in shares of Invesco QQQ by 80.0% in the third quarter. NorthCrest Asset Manangement LLC now owns 7,738 shares of the exchange traded fund’s stock valued at $3,776,000 after purchasing an additional 3,440 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $526.08 on Monday. The business has a fifty day simple moving average of $523.39 and a 200 day simple moving average of $501.59. 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 disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. 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.