Triad Wealth Partners LLC Makes New $796,000 Investment in Invesco QQQ (NASDAQ:QQQ)

Triad Wealth Partners LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,556 shares of the exchange traded fund’s stock, valued at approximately $796,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. SOA Wealth Advisors LLC. boosted its stake in shares of Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after purchasing an additional 46 shares in the last quarter. Pettinga Financial Advisors LLC grew its stake in shares of 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 valued at $7,553,000 after buying an additional 1,854 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Invesco QQQ by 5.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 589 shares of the exchange traded fund’s stock valued at $287,000 after acquiring an additional 28 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Invesco QQQ by 5.6% during the 3rd quarter. QRG Capital Management Inc. now owns 5,569 shares of the exchange traded fund’s stock valued at $2,718,000 after acquiring an additional 294 shares during the period. Finally, Catalyst Capital Advisors LLC grew its position in Invesco QQQ by 124.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 7,816 shares of the exchange traded fund’s stock worth $3,815,000 after acquiring an additional 4,326 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $495.55 on Wednesday. The stock has a market capitalization of $312.32 billion, a P/E ratio of 33.43 and a beta of 1.11. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The business’s 50 day simple moving average is $520.84 and its two-hundred day simple moving average is $503.87.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date 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.