Global View Capital Management LLC Invests $634,000 in Invesco QQQ (NASDAQ:QQQ)

Global View Capital Management LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,243 shares of the exchange traded fund’s stock, valued at approximately $634,000.

A number of other institutional investors have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. lifted its position in Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after buying an additional 46 shares in the last quarter. Pettinga Financial Advisors LLC lifted its position in Invesco QQQ by 13.6% during the third quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after buying an additional 1,854 shares in the last quarter. Assetmark Inc. lifted its position in Invesco QQQ by 2.1% during the third quarter. Assetmark Inc. now owns 26,866 shares of the exchange traded fund’s stock worth $13,112,000 after buying an additional 556 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Invesco QQQ during the third quarter worth approximately $91,000. Finally, Ridgecrest Wealth Partners LLC lifted its position in Invesco QQQ by 5.3% during the third quarter. Ridgecrest Wealth Partners LLC now owns 4,096 shares of the exchange traded fund’s stock worth $1,999,000 after buying an additional 206 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $472.73 on Tuesday. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The company has a market cap of $297.94 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The business’s 50 day moving average price is $517.98 and its 200 day moving average price is $504.13.

Invesco QQQ Announces Dividend

The business also recently disclosed 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.