Modera Wealth Management LLC Raises Stock Position in Invesco QQQ (NASDAQ:QQQ)

Modera Wealth Management LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 7.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 13,253 shares of the exchange traded fund’s stock after purchasing an additional 946 shares during the quarter. Modera Wealth Management LLC’s holdings in Invesco QQQ were worth $6,775,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC lifted its holdings 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 during the last quarter. Strategic Financial Concepts LLC raised its position 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 valued at $2,103,184,000 after purchasing an additional 4,105,389 shares in the last quarter. Artemis Wealth Advisors LLC lifted its stake 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 during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Invesco QQQ by 13.0% in 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 purchasing an additional 488,815 shares in the last quarter. Finally, Cibc World Market Inc. increased its position in shares of Invesco QQQ by 90.0% during 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. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 1.6 %

Shares of NASDAQ QQQ opened at $508.30 on Monday. The stock’s 50-day moving average is $522.05 and its 200 day moving average is $503.57. The stock has a market cap of $320.36 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. 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.