Invesco QQQ (NASDAQ:QQQ) is Family Capital Management Inc.’s Largest Position

Family Capital Management Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,567 shares of the exchange traded fund’s stock after acquiring an additional 662 shares during the period. Invesco QQQ comprises approximately 10.7% of Family Capital Management Inc.’s investment portfolio, making the stock its biggest position. Family Capital Management Inc.’s holdings in Invesco QQQ were worth $17,672,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of QQQ. SOA Wealth Advisors LLC. grew its position in Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after acquiring an additional 46 shares during the period. ERn Financial LLC grew its holdings in shares of Invesco QQQ by 34.6% during the 3rd quarter. ERn Financial LLC now owns 890 shares of the exchange traded fund’s stock worth $435,000 after purchasing an additional 229 shares during the period. Regent Peak Wealth Advisors LLC raised its holdings in Invesco QQQ by 14.8% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 3,125 shares of the exchange traded fund’s stock valued at $1,525,000 after buying an additional 404 shares during the period. Amplius Wealth Advisors LLC lifted its stake in Invesco QQQ by 3.5% during the third quarter. Amplius Wealth Advisors LLC now owns 67,739 shares of the exchange traded fund’s stock worth $33,061,000 after purchasing an additional 2,266 shares in the last quarter. Finally, Wolff Wiese Magana LLC lifted its position in shares of Invesco QQQ by 11.0% during the third quarter. Wolff Wiese Magana LLC now owns 2,082 shares of the exchange traded fund’s stock worth $1,016,000 after purchasing an additional 206 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.4 %

QQQ stock opened at $535.90 on Friday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The business’s 50-day moving average is $521.86 and its two-hundred day moving average is $497.08.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date 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.