Invesco QQQ (NASDAQ:QQQ) Position Increased by Mission Wealth Management LP

Mission Wealth Management LP raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,093 shares of the exchange traded fund’s stock after buying an additional 537 shares during the quarter. Mission Wealth Management LP’s holdings in Invesco QQQ were worth $7,819,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of QQQ. Red Tortoise LLC increased its holdings in shares of Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the period. Friedenthal Financial acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $41,000. Bear Mountain Capital Inc. bought a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $42,000. Core Wealth Advisors Inc. boosted its position in shares of Invesco QQQ by 33.3% in the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 30 shares during the period. Finally, Blume Capital Management Inc. boosted its position in shares of Invesco QQQ by 104.0% in the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 3,500 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 1.9 %

Shares of QQQ traded down $8.16 during mid-day trading on Tuesday, hitting $424.59. The company’s stock had a trading volume of 43,194,805 shares, compared to its average volume of 45,909,301. Invesco QQQ has a one year low of $315.11 and a one year high of $449.34. The stock’s 50-day moving average is $436.92 and its two-hundred day moving average is $411.12.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.54%.

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.