Invesco QQQ (NASDAQ:QQQ) is SMART Wealth LLC’s 7th Largest Position

SMART Wealth LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 96.1% during the fourth quarter, Holdings Channel reports. The fund owned 15,217 shares of the exchange traded fund’s stock after acquiring an additional 7,457 shares during the period. Invesco QQQ comprises 2.8% of SMART Wealth LLC’s investment portfolio, making the stock its 7th largest position. SMART Wealth LLC’s holdings in Invesco QQQ were worth $7,779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of QQQ. Hoese & Co LLP increased its holdings in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. Legacy Bridge LLC grew its position in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares in the last quarter. BNP Paribas acquired a new position in shares of Invesco QQQ during the third quarter worth about $62,000. Brooklyn Investment Group purchased a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $69,000. Finally, Ritter Daniher Financial Advisory LLC DE raised 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 acquiring an additional 63 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.5 %

Shares of Invesco QQQ stock opened at $529.60 on Friday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The company has a 50 day moving average of $520.51 and a 200 day moving average of $495.05.

Invesco QQQ Dividend Announcement

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