Elevation Wealth Partners LLC Grows Stock Position in Invesco QQQ $QQQ

Elevation Wealth Partners LLC grew its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 123.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,921 shares of the exchange traded fund’s stock after buying an additional 1,616 shares during the quarter. Elevation Wealth Partners LLC’s holdings in Invesco QQQ were worth $1,794,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of QQQ. Fifth Third Securities Inc. raised its position in shares of Invesco QQQ by 2.6% during the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after purchasing an additional 2,822 shares during the last quarter. SK Wealth Management LLC purchased a new position in Invesco QQQ in the 3rd quarter valued at about $803,000. Great Point Wealth Advisors LLC acquired a new stake in Invesco QQQ in the 3rd quarter worth about $507,000. Strengthening Families & Communities LLC acquired a new stake in Invesco QQQ in the 3rd quarter worth about $10,771,000. Finally, Coyle Financial Counsel LLC increased its stake in Invesco QQQ by 4.9% during the 3rd quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock worth $26,091,000 after buying an additional 2,035 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $588.00 on Tuesday. The business has a 50 day simple moving average of $609.68 and a two-hundred day simple moving average of $609.87. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 23rd will be given a dividend of $0.7328 per share. This represents a $2.93 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, March 23rd.

Key Stories Impacting Invesco QQQ

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

About Invesco QQQ

(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.

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

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