2,615 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by 5T Wealth LLC

5T Wealth LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 2,615 shares of the exchange traded fund’s stock, valued at approximately $1,338,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Human Investing LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth $272,000. NTV Asset Management LLC increased its holdings in shares of Invesco QQQ by 1.4% in the fourth quarter. NTV Asset Management LLC now owns 82,217 shares of the exchange traded fund’s stock valued at $42,032,000 after purchasing an additional 1,139 shares during the last quarter. Systelligence LLC boosted its stake in Invesco QQQ by 14.4% during the fourth quarter. Systelligence LLC now owns 29,307 shares of the exchange traded fund’s stock worth $14,983,000 after buying an additional 3,683 shares during the last quarter. Nicholas Hoffman & Company LLC. grew its holdings in Invesco QQQ by 0.4% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 163,659 shares of the exchange traded fund’s stock valued at $83,667,000 after buying an additional 646 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Invesco QQQ by 46.2% in the 4th quarter. Principal Financial Group Inc. now owns 28,369 shares of the exchange traded fund’s stock worth $14,503,000 after acquiring an additional 8,970 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $538.15 on Monday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The company’s 50-day moving average price is $522.38 and its 200-day moving average price is $498.14.

Invesco QQQ Dividend Announcement

The firm 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 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.