Private Wealth Group LLC Has $2.69 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Private Wealth Group LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,252 shares of the exchange traded fund’s stock after purchasing an additional 411 shares during the quarter. Invesco QQQ accounts for 1.3% of Private Wealth Group LLC’s investment portfolio, making the stock its 18th biggest holding. Private Wealth Group LLC’s holdings in Invesco QQQ were worth $2,685,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC raised its stake in shares of Invesco QQQ by 9.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,491 shares of the exchange traded fund’s stock worth $714,000 after purchasing an additional 125 shares in the last quarter. 1832 Asset Management L.P. boosted its position in Invesco QQQ by 1.0% during the second quarter. 1832 Asset Management L.P. now owns 2,448 shares of the exchange traded fund’s stock worth $1,173,000 after purchasing an additional 25 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Invesco QQQ by 332.0% during the 2nd quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock worth $5,769,000 after buying an additional 9,254 shares during the period. Ameriprise Financial Inc. grew its position in shares of Invesco QQQ by 7.3% in the second quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after purchasing an additional 338,494 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC bought a new stake in Invesco QQQ during the 2nd quarter valued at approximately $203,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ opened at $532.64 on Friday. The business has a 50 day moving average of $516.72 and a 200-day moving average of $492.81. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15.

Invesco QQQ Dividend Announcement

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