Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Net Worth Advisory Group

Net Worth Advisory Group grew its stake in Invesco QQQ (NASDAQ:QQQ) by 15.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,928 shares of the exchange traded fund’s stock after acquiring an additional 514 shares during the quarter. Invesco QQQ comprises approximately 0.6% of Net Worth Advisory Group’s investment portfolio, making the stock its 27th biggest position. Net Worth Advisory Group’s holdings in Invesco QQQ were worth $2,008,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after purchasing an additional 2,059 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after purchasing an additional 11,351 shares during the last quarter. NRI Wealth Management LC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $28,729,000. Garden State Investment Advisory Services LLC increased its position in shares of Invesco QQQ by 13.1% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after purchasing an additional 3,581 shares during the last quarter. Finally, Silverleafe Capital Partners LLC increased its position in shares of Invesco QQQ by 16.8% during the 4th quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock worth $23,165,000 after purchasing an additional 6,518 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $472.73 on Tuesday. The business has a 50-day moving average of $517.98 and a 200 day moving average of $504.13. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The stock has a market capitalization of $297.94 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 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.