Fourth Dimension Wealth LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,436 shares of the exchange traded fund's stock, valued at approximately $3,853,000. Invesco QQQ accounts for approximately 2.0% of Fourth Dimension Wealth LLC's investment portfolio, making the stock its 12th largest position.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wealth Group Ltd. grew its holdings in shares of Invesco QQQ by 6.9% during the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock worth $810,000 after buying an additional 102 shares in the last quarter. Tallon Kerry Patrick acquired a new position in shares of Invesco QQQ in the fourth quarter worth $4,904,000. Capital & Planning LLC raised its stake 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 raised its position in Invesco QQQ by 8.8% in the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock valued at $675,000 after purchasing an additional 107 shares in the last quarter. Finally, Simon Quick Advisors LLC grew its position in shares of Invesco QQQ by 10.7% during the fourth quarter. Simon Quick Advisors LLC now owns 4,238 shares of the exchange traded fund's stock worth $2,167,000 after buying an additional 408 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Trading Up 2.1%
NASDAQ:QQQ traded up $10.64 during midday trading on Tuesday, hitting $519.88. 20,670,572 shares of the company were exchanged, compared to its average volume of 37,301,961. The company has a market capitalization of $325.78 billion, a PE ratio of 30.62 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The company has a fifty day simple moving average of $475.41 and a 200 day simple moving average of $500.77.
Invesco QQQ Cuts Dividend
The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.
Invesco QQQ Company 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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