Invesco QQQ (NASDAQ:QQQ) Stock Position Boosted by Mattern Wealth Management LLC

Mattern Wealth Management LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,892 shares of the exchange traded fund's stock after buying an additional 738 shares during the quarter. Invesco QQQ comprises about 3.4% of Mattern Wealth Management LLC's investment portfolio, making the stock its 7th biggest holding. Mattern Wealth Management LLC's holdings in Invesco QQQ were worth $15,282,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund's stock valued at $15,904,322,000 after acquiring an additional 32,516,210 shares during the last quarter. Granite Bay Wealth Management LLC increased its position in Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund's stock valued at $409,513,000 after acquiring an additional 894,532 shares during the last quarter. Toronto Dominion Bank increased its position in Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock valued at $2,080,052,000 after acquiring an additional 488,815 shares during the last quarter. Empirical Asset Management LLC increased its position in Invesco QQQ by 15,676.3% during the fourth quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund's stock valued at $103,720,000 after acquiring an additional 201,597 shares during the last quarter. Finally, Main Management ETF Advisors LLC increased its position in Invesco QQQ by 33.5% during the third quarter. Main Management ETF Advisors LLC now owns 731,920 shares of the exchange traded fund's stock valued at $357,228,000 after acquiring an additional 183,550 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ traded down $0.99 during mid-day trading on Friday, hitting $522.06. 29,574,238 shares of the company traded hands, compared to its average volume of 33,320,109. The stock's fifty day moving average price is $519.22 and its 200-day moving average price is $493.95. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors 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 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.