Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 17.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,577 shares of the exchange traded fund’s stock after buying an additional 236 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Invesco QQQ were worth $806,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Hoese & Co LLP boosted its holdings in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the period. Legacy Bridge LLC boosted its stake in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the period. BNP Paribas acquired a new stake in Invesco QQQ during the 3rd quarter valued at $62,000. Brooklyn Investment Group purchased a new stake in Invesco QQQ during the 4th quarter worth $69,000. Finally, Pacifica Partners Inc. purchased a new stake in Invesco QQQ during the 4th quarter worth $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $528.30 on Thursday. The firm has a 50-day moving average of $521.76 and a two-hundred day moving average of $496.86. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently declared 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 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.