Diversify Wealth Management LLC Boosts Holdings in Invesco QQQ (NASDAQ:QQQ)

Diversify Wealth Management LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 206.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,750 shares of the exchange traded fund’s stock after purchasing an additional 11,967 shares during the period. Invesco QQQ makes up 0.7% of Diversify Wealth Management LLC’s portfolio, making the stock its 28th biggest holding. Diversify Wealth Management LLC’s holdings in Invesco QQQ were worth $9,003,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in QQQ. LVW Advisors LLC boosted its stake in Invesco QQQ by 45.0% during the fourth quarter. LVW Advisors LLC now owns 615 shares of the exchange traded fund’s stock valued at $314,000 after buying an additional 191 shares during the period. Global Wealth Management LLC raised its holdings in shares of Invesco QQQ by 13.8% in the 4th quarter. Global Wealth Management LLC now owns 12,003 shares of the exchange traded fund’s stock valued at $6,136,000 after acquiring an additional 1,455 shares in the last quarter. Smart Money Group LLC boosted its position in shares of Invesco QQQ by 0.4% during the 4th quarter. Smart Money Group LLC now owns 61,597 shares of the exchange traded fund’s stock valued at $31,490,000 after acquiring an additional 238 shares during the last quarter. City Holding Co. grew its holdings in shares of Invesco QQQ by 10.2% during the fourth quarter. City Holding Co. now owns 8,049 shares of the exchange traded fund’s stock worth $4,115,000 after purchasing an additional 743 shares in the last quarter. Finally, Annex Advisory Services LLC increased its position in shares of Invesco QQQ by 54.9% in the fourth quarter. Annex Advisory Services LLC now owns 5,872 shares of the exchange traded fund’s stock worth $3,002,000 after purchasing an additional 2,080 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.7 %

Shares of QQQ opened at $521.74 on Tuesday. Invesco QQQ has a 1-year low of $409.16 and a 1-year high of $539.15. The firm’s 50 day simple moving average is $515.94 and its 200 day simple moving average is $492.12.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders 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.

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.