Activest Wealth Management Has $18.30 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Activest Wealth Management grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 35,801 shares of the exchange traded fund's stock after buying an additional 1,107 shares during the period. Invesco QQQ makes up about 5.1% of Activest Wealth Management's investment portfolio, making the stock its 5th largest holding. Activest Wealth Management's holdings in Invesco QQQ were worth $18,302,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QQQ. Hoese & Co LLP grew its stake in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after acquiring an additional 20 shares during the period. Legacy Bridge LLC boosted its holdings in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock worth $59,000 after purchasing an additional 45 shares during the last quarter. BNP Paribas bought a new stake in Invesco QQQ in the 3rd quarter worth approximately $62,000. Brooklyn Investment Group purchased a new stake in Invesco QQQ during the 4th quarter valued at $69,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund's stock valued at $71,000 after buying an additional 63 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ traded down $1.26 during trading hours on Tuesday, hitting $527.99. The stock had a trading volume of 19,202,945 shares, compared to its average volume of 31,627,813. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The stock has a fifty day moving average price of $521.54 and a 200 day moving average price of $496.40.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid 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.