49 Wealth Management LLC Buys 1,183 Shares of Invesco QQQ $QQQ

49 Wealth Management LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 7.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,899 shares of the exchange traded fund’s stock after buying an additional 1,183 shares during the period. Invesco QQQ makes up approximately 1.0% of 49 Wealth Management LLC’s holdings, making the stock its 17th largest holding. 49 Wealth Management LLC’s holdings in Invesco QQQ were worth $10,145,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Navigoe LLC boosted its holdings in shares of Invesco QQQ by 300.0% in the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 45 shares during the period. PayPay Securities Corp raised its position in Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 30 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the 3rd quarter worth $42,000. Canoe Financial LP purchased a new stake in shares of Invesco QQQ in the 3rd quarter worth $64,000. Finally, Gleason Group Inc. grew its position in shares of Invesco QQQ by 61.1% during the 3rd quarter. Gleason Group Inc. now owns 116 shares of the exchange traded fund’s stock worth $69,000 after buying an additional 44 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $607.29 on Friday. The stock’s fifty day moving average price is $616.27 and its 200-day moving average price is $606.48. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a dividend of $0.7941 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%.

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.

See Also

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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