Wealth Effects LLC Buys 80 Shares of Invesco QQQ (NASDAQ:QQQ)

Wealth Effects LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 3.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,705 shares of the exchange traded fund’s stock after acquiring an additional 80 shares during the period. Wealth Effects LLC’s holdings in Invesco QQQ were worth $1,383,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Invesco QQQ by 332.0% during the second quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock valued at $5,769,000 after purchasing an additional 9,254 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Invesco QQQ by 28.5% during the second quarter. The Manufacturers Life Insurance Company now owns 70,490 shares of the exchange traded fund’s stock worth $33,772,000 after buying an additional 15,648 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new stake in Invesco QQQ during the second quarter worth $368,000. Ted Buchan & Co bought a new stake in Invesco QQQ in the 2nd quarter valued at $653,000. Finally, Granite Bay Wealth Management LLC raised its stake in shares of Invesco QQQ by 6,215.5% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after buying an additional 894,532 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.5 %

Shares of Invesco QQQ stock opened at $521.88 on Wednesday. The firm’s 50-day simple moving average is $518.14 and its 200-day simple moving average is $493.37. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15.

Invesco QQQ Announces Dividend

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