AAF Wealth Management LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,056 shares of the exchange traded fund's stock, valued at approximately $540,000. Invesco QQQ accounts for about 0.3% of AAF Wealth Management LLC's investment portfolio, making the stock its 29th largest holding.
A number of other institutional investors also recently added to or reduced their stakes in QQQ. Wealth Group Ltd. lifted its stake in shares of Invesco QQQ by 6.9% in the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock valued at $810,000 after purchasing an additional 102 shares during the period. Tallon Kerry Patrick purchased a new position in Invesco QQQ in the fourth quarter valued at about $4,904,000. Capital & Planning LLC lifted its position in shares of Invesco QQQ by 5.0% during the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock valued at $2,477,000 after acquiring an additional 229 shares during the period. Naviter Wealth LLC boosted its stake in shares of Invesco QQQ by 8.8% during the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after acquiring an additional 107 shares in the last quarter. Finally, Simon Quick Advisors LLC boosted its stake in shares of Invesco QQQ by 10.7% during the 4th quarter. Simon Quick Advisors LLC now owns 4,238 shares of the exchange traded fund's stock worth $2,167,000 after acquiring an additional 408 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Up 2.0%
Shares of QQQ traded up $10.19 on Tuesday, reaching $519.43. The stock had a trading volume of 17,833,868 shares, compared to its average volume of 37,292,359. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The firm has a market capitalization of $325.50 billion, a PE ratio of 30.62 and a beta of 1.11. The firm has a 50-day moving average of $475.41 and a 200 day moving average of $500.77.
Invesco QQQ Cuts Dividend
The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date was Monday, March 24th.
Invesco QQQ Company Profile
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Free Report)
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.
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