Centerpoint Advisory Group Takes Position in Invesco QQQ (NASDAQ:QQQ)

Centerpoint Advisory Group bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,198 shares of the exchange traded fund’s stock, valued at approximately $1,124,000. Invesco QQQ makes up about 1.1% of Centerpoint Advisory Group’s investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds also recently modified their holdings of the stock. Palumbo Wealth Management LLC boosted its position in shares of Invesco QQQ by 1.0% during the 4th quarter. Palumbo Wealth Management LLC now owns 10,813 shares of the exchange traded fund’s stock worth $5,528,000 after acquiring an additional 108 shares in the last quarter. Lakeridge Wealth Management LLC lifted its stake in Invesco QQQ by 4.4% during the fourth quarter. Lakeridge Wealth Management LLC now owns 835 shares of the exchange traded fund’s stock worth $427,000 after purchasing an additional 35 shares during the last quarter. Beacon Capital Management LLC boosted its holdings in shares of Invesco QQQ by 16.5% in the 4th quarter. Beacon Capital Management LLC now owns 101,943 shares of the exchange traded fund’s stock valued at $52,116,000 after purchasing an additional 14,417 shares in the last quarter. Next Level Wealth Planning LLC bought a new position in shares of Invesco QQQ in the 4th quarter valued at $288,000. Finally, TigerOak Management L.L.C. acquired a new position in shares of Invesco QQQ during the 4th quarter worth $1,215,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $538.15 on Friday. The business has a fifty day simple moving average of $522.38 and a 200 day simple moving average of $497.86. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15.

Invesco QQQ Announces Dividend

The business 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.

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.