Rooted Wealth Advisors Inc. Grows Stake in Invesco QQQ (NASDAQ:QQQ)

Rooted Wealth Advisors Inc. increased its position in Invesco QQQ (NASDAQ:QQQ) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 640 shares of the exchange traded fund’s stock after acquiring an additional 32 shares during the quarter. Rooted Wealth Advisors Inc.’s holdings in Invesco QQQ were worth $330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of QQQ. PayPay Securities Corp grew its stake in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares during the period. Hoese & Co LLP boosted its holdings in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the last quarter. Legacy Bridge LLC grew its position in Invesco QQQ by 60.0% during the third 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 during the period. BNP Paribas purchased a new stake in Invesco QQQ during the third quarter valued at approximately $62,000. Finally, Brooklyn Investment Group purchased a new stake in Invesco QQQ during the fourth quarter valued at approximately $69,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.4 %

Shares of Invesco QQQ stock opened at $535.90 on Friday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The company’s fifty day simple moving average is $521.86 and its 200-day simple moving average is $497.08.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given 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.