Praetorian Wealth Management Inc. Acquires Shares of 414 Invesco QQQ (NASDAQ:QQQ)

Praetorian Wealth Management Inc. acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 414 shares of the exchange traded fund’s stock, valued at approximately $212,000.

A number of other hedge funds also recently bought and sold shares of the company. ORG Partners LLC lifted its stake in Invesco QQQ by 9.8% during the fourth quarter. ORG Partners LLC now owns 1,631 shares of the exchange traded fund’s stock valued at $834,000 after buying an additional 146 shares in the last quarter. Baker Tilly Wealth Management LLC increased its holdings in shares of Invesco QQQ by 1.9% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 12,967 shares of the exchange traded fund’s stock valued at $6,629,000 after purchasing an additional 240 shares during the period. Fortitude Family Office LLC increased its holdings in shares of Invesco QQQ by 5,417.6% in the 4th quarter. Fortitude Family Office LLC now owns 9,711 shares of the exchange traded fund’s stock valued at $4,964,000 after purchasing an additional 9,535 shares during the period. Watts Gwilliam & Co. LLC increased its holdings in shares of Invesco QQQ by 17.4% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 10,518 shares of the exchange traded fund’s stock valued at $5,419,000 after purchasing an additional 1,557 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV increased its holdings in shares of Invesco QQQ by 4.4% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 3,115 shares of the exchange traded fund’s stock valued at $1,592,000 after purchasing an additional 130 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ traded down $6.78 during trading hours on Friday, reaching $508.49. The company’s stock had a trading volume of 31,205,065 shares, compared to its average volume of 33,287,629. The company has a 50 day moving average of $514.52 and a two-hundred day moving average of $490.73. Invesco QQQ has a 1-year low of $402.92 and a 1-year high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date 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.