Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Clay Northam Wealth Management LLC

Clay Northam Wealth Management LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 28.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 577 shares of the exchange traded fund’s stock after buying an additional 128 shares during the quarter. Clay Northam Wealth Management LLC’s holdings in Invesco QQQ were worth $295,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. GAMMA Investing LLC boosted its stake in Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after buying an additional 2,059 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after acquiring an additional 11,351 shares during the period. Socha Financial Group LLC increased its stake in shares of Invesco QQQ by 2.4% in the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after buying an additional 2,171 shares in the last quarter. NRI Wealth Management LC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $28,729,000. Finally, Garden State Investment Advisory Services LLC raised its holdings in 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 buying an additional 3,581 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.8 %

Shares of QQQ stock opened at $518.11 on Tuesday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The company has a fifty day moving average price of $519.55 and a two-hundred day moving average price of $494.20.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Company 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.