Cassady Schiller Wealth Management LLC Acquires 41 Shares of Invesco QQQ (NASDAQ:QQQ)

Cassady Schiller Wealth Management LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,190 shares of the exchange traded fund’s stock after buying an additional 41 shares during the period. Cassady Schiller Wealth Management LLC’s holdings in Invesco QQQ were worth $1,120,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. PayPay Securities Corp grew its stake in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth $37,000. Hoese & Co LLP grew its stake in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth $51,000. Finally, Legacy Bridge LLC grew its stake 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 worth $59,000 after acquiring an additional 45 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $479.66 on Monday. The firm has a market cap of $302.59 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The company has a fifty day moving average price of $514.89 and a 200-day moving average price of $504.08. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. 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.