Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Pinnacle Wealth Management Group Inc.

Pinnacle Wealth Management Group Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,235 shares of the exchange traded fund’s stock after purchasing an additional 151 shares during the period. Invesco QQQ makes up approximately 3.6% of Pinnacle Wealth Management Group Inc.’s portfolio, making the stock its 7th biggest holding. Pinnacle Wealth Management Group Inc.’s holdings in Invesco QQQ were worth $5,744,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Bridge LLC grew its holdings in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas bought a new stake in shares of Invesco QQQ in the third quarter worth $62,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares during the period. Providence Capital Advisors LLC bought a new position in Invesco QQQ during the 2nd quarter worth $76,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $91,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $505.56 on Tuesday. The business has a 50-day moving average of $515.32 and a 200-day moving average of $491.29. Invesco QQQ has a 1 year low of $402.92 and a 1 year high of $539.15.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8347 dividend. 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.