Code Waechter LLC Boosts Stake in Invesco QQQ (NASDAQ:QQQ)

Code Waechter LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,261 shares of the exchange traded fund’s stock after buying an additional 55 shares during the quarter. Invesco QQQ comprises 1.0% of Code Waechter LLC’s portfolio, making the stock its 23rd biggest holding. Code Waechter LLC’s holdings in Invesco QQQ were worth $1,156,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in QQQ. Legacy Bridge LLC grew its holdings in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas bought a new position in Invesco QQQ during the third quarter valued at $62,000. Ritter Daniher Financial Advisory LLC DE lifted its position in Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares during the last quarter. Providence Capital Advisors LLC purchased a new position in shares of Invesco QQQ in the 2nd quarter worth $76,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter worth about $91,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.3 %

Shares of NASDAQ:QQQ opened at $505.56 on Tuesday. The company has a 50-day moving average price of $515.32 and a 200 day moving average price of $491.29. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. 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.