Bradley & Co. Private Wealth Management LLC Takes $1.82 Million Position in Invesco QQQ (NASDAQ:QQQ)

Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,563 shares of the exchange traded fund’s stock, valued at approximately $1,822,000. Invesco QQQ accounts for approximately 1.1% of Bradley & Co. Private Wealth Management LLC’s holdings, making the stock its 16th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. boosted its position in shares of Invesco QQQ by 0.3% during 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 boosted its position in Invesco QQQ by 13.6% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock valued at $7,553,000 after buying an additional 1,854 shares during the period. Orrstown Financial Services Inc. purchased a new stake in shares of Invesco QQQ during the third quarter worth $3,016,000. Pallas Capital Advisors LLC boosted its holdings in Invesco QQQ by 4.9% in the third quarter. Pallas Capital Advisors LLC now owns 14,944 shares of the exchange traded fund’s stock valued at $7,357,000 after purchasing an additional 698 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. grew its stake in Invesco QQQ by 27.9% during the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 78,547 shares of the exchange traded fund’s stock worth $38,337,000 after purchasing an additional 17,120 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $513.32 on Wednesday. The business has a 50-day simple moving average of $522.57 and a 200-day simple moving average of $502.54. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The company has a market cap of $326.50 billion, a PE ratio of 33.43 and a beta of 1.09.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.8347 per share. 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.