Invesco QQQ (NASDAQ:QQQ) is Wealth Management Partners LLC’s 2nd Largest Position

Wealth Management Partners LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 36,141 shares of the exchange traded fund’s stock after buying an additional 448 shares during the period. Invesco QQQ comprises about 8.0% of Wealth Management Partners LLC’s holdings, making the stock its 2nd largest position. Wealth Management Partners LLC’s holdings in Invesco QQQ were worth $18,476,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of QQQ. Legacy Bridge LLC boosted its holdings in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares in the last quarter. BNP Paribas bought a new stake in Invesco QQQ during the third quarter worth about $62,000. Brooklyn Investment Group purchased a new stake in Invesco QQQ in the fourth quarter worth about $69,000. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of Invesco QQQ by 75.9% during 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 in the last quarter. Finally, Pacifica Partners Inc. purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $73,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $521.74 on Tuesday. Invesco QQQ has a twelve month low of $409.16 and a twelve month high of $539.15. The stock’s 50 day moving average is $515.94 and its 200 day moving average is $492.12.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. 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.