Iams Wealth Management LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,184 shares of the exchange traded fund's stock after purchasing an additional 2,185 shares during the quarter. Invesco QQQ accounts for 5.9% of Iams Wealth Management LLC's holdings, making the stock its biggest holding. Iams Wealth Management LLC's holdings in Invesco QQQ were worth $12,875,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. AQR Capital Management LLC boosted its stake in Invesco QQQ by 332.0% in the second quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund's stock valued at $5,769,000 after buying an additional 9,254 shares in the last quarter. 3Chopt Investment Partners LLC bought a new position in shares of Invesco QQQ in the second quarter worth about $226,000. RiverFront Investment Group LLC boosted its stake in shares of Invesco QQQ by 13.0% in the 2nd quarter. RiverFront Investment Group LLC now owns 133,997 shares of the exchange traded fund's stock valued at $64,199,000 after purchasing an additional 15,393 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Invesco QQQ during the 2nd quarter valued at approximately $104,000. Finally, NCP Inc. increased its position in Invesco QQQ by 3.1% during the 2nd quarter. NCP Inc. now owns 6,642 shares of the exchange traded fund's stock worth $3,182,000 after purchasing an additional 198 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of NASDAQ QQQ traded up $1.10 during midday trading on Thursday, reaching $521.93. 13,049,076 shares of the company were exchanged, compared to its average volume of 32,785,656. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The stock's 50-day moving average price is $518.86 and its 200-day moving average price is $493.75.
Invesco QQQ Dividend Announcement
The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.
Invesco QQQ 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.
See Also
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
