Bernard Wealth Management Corp. Acquires Shares of 4,939 Invesco QQQ (NASDAQ:QQQ)

Bernard Wealth Management Corp. acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,939 shares of the exchange traded fund's stock, valued at approximately $2,525,000. Invesco QQQ accounts for about 1.8% of Bernard Wealth Management Corp.'s investment portfolio, making the stock its 16th biggest holding.

A number of other large investors have also made changes to their positions in the stock. GAMMA Investing LLC raised its stake in shares of Invesco QQQ by 159.6% in the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock valued at $1,712,000 after buying an additional 2,059 shares in the last quarter. Principal Financial Group Inc. increased its stake in Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock valued at $9,468,000 after acquiring an additional 11,351 shares during the period. NRI Wealth Management LC acquired a new position in Invesco QQQ in the fourth quarter worth about $28,729,000. Garden State Investment Advisory Services LLC lifted its stake in Invesco QQQ by 13.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund's stock worth $15,169,000 after purchasing an additional 3,581 shares during the period. Finally, Silverleafe Capital Partners LLC boosted its holdings in Invesco QQQ by 16.8% during the fourth quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund's stock valued at $23,165,000 after purchasing an additional 6,518 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ traded up $8.22 during mid-day trading on Friday, reaching $454.40. The company had a trading volume of 52,407,577 shares, compared to its average volume of 36,858,069. The company has a market capitalization of $283.95 billion, a P/E ratio of 30.05 and a beta of 1.11. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The company's 50-day moving average is $490.33 and its 200-day moving average is $502.44.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

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.