Invesco QQQ (NASDAQ:QQQ) Shares Bought by Innova Wealth Partners

Innova Wealth Partners grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 89.7% in the 4th quarter, Holdings Channel reports. The firm owned 4,529 shares of the exchange traded fund’s stock after acquiring an additional 2,141 shares during the quarter. Invesco QQQ comprises approximately 1.5% of Innova Wealth Partners’ holdings, making the stock its 23rd biggest position. Innova Wealth Partners’ holdings in Invesco QQQ were worth $2,316,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQ. Northeast Investment Management raised its position in Invesco QQQ by 0.6% in the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after acquiring an additional 20 shares in the last quarter. Planning Capital Management Corp grew its stake in shares of Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after purchasing an additional 20 shares during the last quarter. Skyline Advisors Inc. raised its holdings in shares of Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after purchasing an additional 21 shares in the last quarter. Madden Advisory Services Inc. lifted its stake in Invesco QQQ by 0.9% during the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after purchasing an additional 21 shares during the last quarter. Finally, Meridian Management Co. boosted its holdings in Invesco QQQ by 0.6% during the third quarter. Meridian Management Co. now owns 3,361 shares of the exchange traded fund’s stock worth $1,640,000 after buying an additional 21 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $515.18 on Wednesday. Invesco QQQ has a 1 year low of $397.84 and a 1 year high of $539.15. The firm’s 50 day moving average price is $513.51 and its two-hundred day moving average price is $490.39.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend 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.