Arcadia Wealth Management Inc. acquired a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,911 shares of the exchange traded fund's stock, valued at approximately $1,488,000. Invesco QQQ comprises 1.3% of Arcadia Wealth Management Inc.'s investment portfolio, making the stock its 21st biggest holding.
Other large investors also recently modified their holdings of the company. Wealth Group Ltd. increased its stake in Invesco QQQ by 6.9% in the 4th quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock valued at $810,000 after buying an additional 102 shares during the last quarter. Tallon Kerry Patrick purchased a new position in shares of Invesco QQQ in the 4th quarter worth approximately $4,904,000. Capital & Planning LLC grew its holdings in shares of Invesco QQQ by 5.0% in the fourth 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 in the last quarter. Naviter Wealth LLC grew its holdings in shares of Invesco QQQ by 8.8% in the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock valued at $675,000 after acquiring an additional 107 shares in the last quarter. Finally, Eagle Capital Management LLC increased its position in shares of Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after acquiring an additional 185 shares during the last quarter. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Down 0.4%
QQQ stock traded down $2.31 during midday trading on Wednesday, hitting $518.91. The company's stock had a trading volume of 44,971,575 shares, compared to its average volume of 37,485,008. The stock's 50-day moving average price is $476.24 and its 200 day moving average price is $500.91. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The stock has a market cap of $325.17 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.
Invesco QQQ Profile
(
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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