GC Wealth Management RIA LLC Buys 950 Shares of Invesco QQQ (NASDAQ:QQQ)

GC Wealth Management RIA LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 9.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 10,987 shares of the exchange traded fund’s stock after acquiring an additional 950 shares during the period. Invesco QQQ accounts for about 1.0% of GC Wealth Management RIA LLC’s portfolio, making the stock its 22nd biggest position. GC Wealth Management RIA LLC’s holdings in Invesco QQQ were worth $5,617,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Donaldson Capital Management LLC increased its position in shares of Invesco QQQ by 558.5% during the 4th quarter. Donaldson Capital Management LLC now owns 6,914 shares of the exchange traded fund’s stock valued at $3,535,000 after purchasing an additional 5,864 shares during the last quarter. SoundView Advisors Inc. purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at $2,703,000. Miller Financial Services LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at $629,000. Global View Capital Management LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at $634,000. Finally, Sollinda Capital Management LLC increased its position in shares of Invesco QQQ by 43.7% during the 4th quarter. Sollinda Capital Management LLC now owns 809 shares of the exchange traded fund’s stock valued at $413,000 after purchasing an additional 246 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $472.73 on Tuesday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The firm has a market cap of $297.94 billion, a PE ratio of 33.43 and a beta of 1.11. The stock has a fifty day moving average price of $517.98 and a 200-day moving average price of $504.13.

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 $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.