Fountainhead AM LLC Buys 217 Shares of Invesco QQQ (NASDAQ:QQQ)

Fountainhead AM LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 12.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,975 shares of the exchange traded fund’s stock after acquiring an additional 217 shares during the period. Fountainhead AM LLC’s holdings in Invesco QQQ were worth $809,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cutter & CO Brokerage Inc. grew its holdings in Invesco QQQ by 0.8% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 5,257 shares of the exchange traded fund’s stock valued at $2,153,000 after buying an additional 44 shares in the last quarter. GAMMA Investing LLC purchased a new position in Invesco QQQ during the 4th quarter valued at approximately $167,000. Element Wealth LLC grew its holdings in Invesco QQQ by 682.8% during the 4th quarter. Element Wealth LLC now owns 2,238 shares of the exchange traded fund’s stock valued at $917,000 after buying an additional 2,622 shares in the last quarter. Masso Torrence Wealth Management Inc. grew its holdings in Invesco QQQ by 19.1% during the 4th quarter. Masso Torrence Wealth Management Inc. now owns 17,928 shares of the exchange traded fund’s stock valued at $7,342,000 after buying an additional 2,876 shares in the last quarter. Finally, Pacific Wealth Strategies Group Inc. boosted its holdings in shares of Invesco QQQ by 6.9% in the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 16,529 shares of the exchange traded fund’s stock worth $6,769,000 after purchasing an additional 1,069 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.5 %

NASDAQ QQQ traded up $6.25 on Tuesday, reaching $425.07. 44,085,762 shares of the stock traded hands, compared to its average volume of 46,010,473. The company has a fifty day moving average price of $437.20 and a 200-day moving average price of $409.44. Invesco QQQ has a 12 month low of $309.89 and a 12 month high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.54%.

About Invesco QQQ

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.