Invesco QQQ (NASDAQ:QQQ) Shares Bought by Chicago Wealth Management Inc.

Chicago Wealth Management Inc. increased its stake in Invesco QQQ (NASDAQ:QQQ) by 4.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,607 shares of the exchange traded fund’s stock after acquiring an additional 715 shares during the quarter. Invesco QQQ makes up about 4.1% of Chicago Wealth Management Inc.’s portfolio, making the stock its 14th biggest holding. Chicago Wealth Management Inc.’s holdings in Invesco QQQ were worth $7,979,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC raised its position in shares of Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock worth $5,879,434,000 after acquiring an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares in the last quarter. Artemis Wealth Advisors LLC raised its holdings in Invesco QQQ by 1,337.4% during the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock worth $423,470,000 after purchasing an additional 895,277 shares in the last quarter. Toronto Dominion Bank raised its stake in Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after acquiring an additional 488,815 shares in the last quarter. Finally, Cibc World Market Inc. lifted its holdings in shares of Invesco QQQ by 90.0% in the 4th quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock valued at $350,764,000 after purchasing an additional 324,948 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.2 %

QQQ opened at $471.60 on Wednesday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The business’s 50 day moving average is $517.19 and its two-hundred day moving average is $504.07. The firm has a market cap of $297.23 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

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