Ritholtz Wealth Management Acquires 8,675 Shares of Invesco QQQ (NASDAQ:QQQ)

Ritholtz Wealth Management increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 421,094 shares of the exchange traded fund’s stock after acquiring an additional 8,675 shares during the period. Invesco QQQ accounts for approximately 6.3% of Ritholtz Wealth Management’s portfolio, making the stock its 2nd biggest position. Ritholtz Wealth Management’s holdings in Invesco QQQ were worth $215,276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. Tallon Kerry Patrick acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $4,904,000. Sanders Morris Harris LLC boosted its holdings in Invesco QQQ by 2.9% in the 4th quarter. Sanders Morris Harris LLC now owns 231,728 shares of the exchange traded fund’s stock valued at $120,940,000 after purchasing an additional 6,519 shares during the period. BFI Infinity Ltd. bought a new position in shares of Invesco QQQ during the fourth quarter worth approximately $222,000. MPS Loria Financial Planners LLC increased its stake in Invesco QQQ by 2.1% during the 4th quarter. MPS Loria Financial Planners LLC now owns 2,713 shares of the exchange traded fund’s stock worth $1,387,000 after acquiring an additional 57 shares during the period. Finally, Heritage Family Offices LLP raised its holdings in Invesco QQQ by 16.9% in the 4th quarter. Heritage Family Offices LLP now owns 691 shares of the exchange traded fund’s stock valued at $353,000 after acquiring an additional 100 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $513.08 on Friday. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15. The firm has a 50 day moving average of $515.79 and a 200-day moving average of $491.65.

Invesco QQQ Announces Dividend

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

Invesco QQQ Company 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.