Signet Financial Management LLC Makes New $213,000 Investment in Invesco QQQ (NASDAQ:QQQ)

Signet Financial Management LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 417 shares of the exchange traded fund’s stock, valued at approximately $213,000.

A number of other large investors also recently modified their holdings of QQQ. Legacy Bridge LLC lifted its position 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 acquiring an additional 45 shares in the last quarter. BNP Paribas bought a new stake in Invesco QQQ during the 3rd quarter valued at approximately $62,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares in the last quarter. Providence Capital Advisors LLC bought a new position in Invesco QQQ in the 2nd quarter worth approximately $76,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Invesco QQQ during the 3rd quarter valued at approximately $91,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $505.56 on Tuesday. The company’s fifty day moving average price is $515.32 and its 200-day moving average price is $491.29. Invesco QQQ has a one year low of $402.92 and a one year high of $539.15.

Invesco QQQ Dividend Announcement

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