Invesco QQQ (NASDAQ:QQQ) is Activest Wealth Management’s 5th Largest Position

Activest Wealth Management lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.2% during the fourth quarter, Holdings Channel reports. The fund owned 35,801 shares of the exchange traded fund’s stock after acquiring an additional 1,107 shares during the period. Invesco QQQ comprises 5.1% of Activest Wealth Management’s investment portfolio, making the stock its 5th largest position. Activest Wealth Management’s holdings in Invesco QQQ were worth $18,302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of QQQ. Hoese & Co LLP grew its stake in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Legacy Bridge LLC increased its holdings in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas acquired a new stake in shares of Invesco QQQ during the 3rd quarter worth about $62,000. Brooklyn Investment Group purchased a new stake in Invesco QQQ during the fourth quarter worth approximately $69,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its holdings in Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock opened at $522.92 on Monday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The company’s 50 day moving average is $521.26 and its two-hundred day moving average is $495.67.

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 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.