CCG Wealth Management LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 68.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,986 shares of the exchange traded fund’s stock after acquiring an additional 7,277 shares during the period. Invesco QQQ accounts for about 4.7% of CCG Wealth Management LLC’s holdings, making the stock its 5th biggest position. CCG Wealth Management LLC’s holdings in Invesco QQQ were worth $11,049,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Sovran Advisors LLC boosted its holdings in Invesco QQQ by 8.0% in the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after purchasing an additional 1,340 shares in the last quarter. Fifth Third Securities Inc. boosted its holdings in Invesco QQQ by 2.6% in the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock valued at $65,959,000 after purchasing an additional 2,822 shares in the last quarter. SK Wealth Management LLC purchased a new stake in Invesco QQQ in the 3rd quarter valued at approximately $803,000. Corepath Wealth Partners LLC boosted its holdings in Invesco QQQ by 19.7% in the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after purchasing an additional 1,436 shares in the last quarter. Finally, Great Point Wealth Advisors LLC purchased a new stake in Invesco QQQ in the 3rd quarter valued at approximately $507,000. Institutional investors and hedge funds own 44.58% of the company’s stock.
Key Stories Impacting Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
Invesco QQQ Stock Up 3.0%
Shares of QQQ opened at $606.09 on Thursday. Invesco QQQ has a twelve month low of $415.43 and a twelve month high of $637.01. The stock’s 50 day moving average is $599.95 and its two-hundred day moving average is $609.28.
Invesco QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 annualized dividend and a dividend yield of 0.5%.
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.
Recommended Stories
Receive News & Ratings for Invesco QQQ Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Invesco QQQ and related companies with MarketBeat.com’s FREE daily email newsletter.
