Ritholtz Wealth Management Acquires 73,060 Shares of Invesco QQQ (NASDAQ:QQQ)

Ritholtz Wealth Management increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 23.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 391,256 shares of the exchange traded fund’s stock after buying an additional 73,060 shares during the period. Invesco QQQ comprises approximately 6.2% of Ritholtz Wealth Management’s holdings, making the stock its 3rd biggest position. Ritholtz Wealth Management’s holdings in Invesco QQQ were worth $160,227,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its stake in Invesco QQQ by 156,045.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after buying an additional 43,463,232 shares in the last quarter. Morgan Stanley lifted its stake in Invesco QQQ by 10.0% in the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after buying an additional 1,533,114 shares in the last quarter. Barclays PLC lifted its stake in Invesco QQQ by 113.5% in the 2nd quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after buying an additional 48,423,350 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Invesco QQQ by 1.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock valued at $1,623,380,000 after buying an additional 52,019 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Invesco QQQ by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after purchasing an additional 243,305 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.2 %

QQQ traded down $0.82 during trading on Thursday, reaching $444.01. The company’s stock had a trading volume of 36,607,437 shares, compared to its average volume of 44,988,266. The firm has a fifty day simple moving average of $433.84 and a two-hundred day simple moving average of $399.66. Invesco QQQ has a 1 year low of $309.89 and a 1 year high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Monday, March 18th.

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.