Financial Enhancement Group LLC Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Financial Enhancement Group LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 34,868 shares of the exchange traded fund’s stock, valued at approximately $17,628,000. Invesco QQQ comprises about 2.7% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 9th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Legacy Bridge LLC grew its holdings in Invesco QQQ by 60.0% during 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 during the period. BNP Paribas bought a new position in shares of Invesco QQQ during the 3rd quarter valued at approximately $62,000. Pacifica Partners Inc. purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $73,000. Ritter Daniher Financial Advisory LLC DE raised its stake in Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 63 shares during the period. Finally, Providence Capital Advisors LLC purchased a new position in Invesco QQQ during the second quarter valued at approximately $76,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $513.08 on Friday. Invesco QQQ has a 1 year low of $402.92 and a 1 year high of $539.15. The firm has a fifty day moving average price of $515.79 and a 200-day moving average price of $491.65.

Invesco QQQ Dividend Announcement

The firm 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 of this dividend was Monday, December 23rd.

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.