Spire Wealth Management Raises Position in Invesco QQQ (NASDAQ:QQQ)

Spire Wealth Management lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,829 shares of the exchange traded fund’s stock after buying an additional 521 shares during the period. Spire Wealth Management’s holdings in Invesco QQQ were worth $12,563,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of QQQ. Rollins Financial grew its holdings in shares of Invesco QQQ by 11.8% in the fourth quarter. Rollins Financial now owns 187,590 shares of the exchange traded fund’s stock valued at $76,822,000 after acquiring an additional 19,785 shares in the last quarter. TCI Wealth Advisors Inc. grew its stake in Invesco QQQ by 14.1% in the 4th quarter. TCI Wealth Advisors Inc. now owns 3,199 shares of the exchange traded fund’s stock valued at $1,310,000 after purchasing an additional 395 shares during the period. Sheets Smith Wealth Management raised its stake in shares of Invesco QQQ by 3.2% during the 4th quarter. Sheets Smith Wealth Management now owns 24,434 shares of the exchange traded fund’s stock worth $10,006,000 after purchasing an additional 750 shares during the period. Clearstead Trust LLC boosted its holdings in shares of Invesco QQQ by 5.8% in the 4th quarter. Clearstead Trust LLC now owns 137,247 shares of the exchange traded fund’s stock worth $56,205,000 after buying an additional 7,527 shares during the last quarter. Finally, SYM FINANCIAL Corp grew its position in Invesco QQQ by 5.4% during the fourth quarter. SYM FINANCIAL Corp now owns 1,116 shares of the exchange traded fund’s stock valued at $457,000 after buying an additional 57 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ traded up $8.58 during trading on Friday, hitting $435.48. 48,515,252 shares of the company’s stock traded hands, compared to its average volume of 48,759,256. Invesco QQQ has a 12-month low of $315.11 and a 12-month high of $449.34. The business has a 50 day moving average of $436.53 and a 200-day moving average of $412.83.

Invesco QQQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were paid a $0.5735 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.53%.

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.