DKM Wealth Management Inc. bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,374 shares of the exchange traded fund's stock, valued at approximately $3,770,000. Invesco QQQ comprises 3.6% of DKM Wealth Management Inc.'s investment portfolio, making the stock its 9th largest holding.
Several other institutional investors also recently modified their holdings of the business. SOA Wealth Advisors LLC. grew its stake in shares of Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock valued at $8,477,000 after purchasing an additional 46 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of Invesco QQQ during the third quarter valued at approximately $791,000. Beacon Investment Advisory Services Inc. lifted its stake in Invesco QQQ by 1.1% in the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 2,095 shares of the exchange traded fund's stock worth $1,023,000 after purchasing an additional 22 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Invesco QQQ by 4.7% in the third quarter. Integrated Wealth Concepts LLC now owns 181,604 shares of the exchange traded fund's stock worth $88,635,000 after buying an additional 8,142 shares in the last quarter. Finally, Independent Family Office LLC boosted its stake in Invesco QQQ by 6.3% during the third quarter. Independent Family Office LLC now owns 2,588 shares of the exchange traded fund's stock valued at $1,243,000 after buying an additional 153 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Stock Performance
NASDAQ:QQQ traded down $25.49 during trading hours on Thursday, reaching $450.66. The stock had a trading volume of 69,925,799 shares, compared to its average volume of 35,311,738. The stock has a market capitalization of $285.88 billion, a PE ratio of 30.05 and a beta of 1.18. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The company has a 50 day moving average price of $505.23 and a two-hundred day moving average price of $505.09.
Invesco QQQ Cuts Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors 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 Company Profile
(
Free Report)
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.
Featured Stories
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
