Daner Wealth Management LLC Invests $330,000 in Invesco QQQ (NASDAQ:QQQ)

Daner Wealth Management LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 630 shares of the exchange traded fund's stock, valued at approximately $330,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in Invesco QQQ by 159.6% in the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock worth $1,712,000 after purchasing an additional 2,059 shares during the period. Principal Financial Group Inc. lifted its position in shares of 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 worth $9,468,000 after purchasing an additional 11,351 shares in the last quarter. Socha Financial Group LLC lifted its position in Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund's stock worth $44,732,000 after buying an additional 2,171 shares in the last quarter. NRI Wealth Management LC purchased a new position in shares of Invesco QQQ during the 4th quarter valued at $28,729,000. Finally, Garden State Investment Advisory Services LLC increased its position in Invesco QQQ by 13.1% in the 3rd 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 last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded up $1.24 during trading on Wednesday, hitting $514.56. 33,916,775 shares of the stock traded hands, compared to its average volume of 31,392,783. The stock has a market cap of $327.29 billion, a P/E ratio of 33.43 and a beta of 1.09. The company has a fifty day moving average price of $522.57 and a two-hundred day moving average price of $502.54. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81.

Invesco QQQ Announces Dividend

The business also recently declared 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 Company 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.