NRI Wealth Management LC Purchases Shares of 56,195 Invesco QQQ (NASDAQ:QQQ)

NRI Wealth Management LC purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 56,195 shares of the exchange traded fund's stock, valued at approximately $28,729,000. Invesco QQQ comprises about 19.8% of NRI Wealth Management LC's holdings, making the stock its 2nd biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock worth $1,712,000 after buying an additional 2,059 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock valued at $9,468,000 after acquiring an additional 11,351 shares during the last quarter. 1ST Source Bank lifted its holdings in Invesco QQQ by 0.8% during the third quarter. 1ST Source Bank now owns 4,738 shares of the exchange traded fund's stock worth $2,312,000 after acquiring an additional 38 shares during the period. Garden State Investment Advisory Services LLC boosted its position in Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund's stock worth $15,169,000 after purchasing an additional 3,581 shares during the last quarter. Finally, Copley Financial Group Inc. bought a new position in Invesco QQQ in the 3rd quarter valued at $550,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ traded up $8.35 on Friday, hitting $518.58. 28,979,410 shares of the stock traded hands, compared to its average volume of 32,684,555. The business's fifty day moving average is $512.17 and its two-hundred day moving average is $489.54. Invesco QQQ has a 12 month low of $395.34 and a 12 month high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date 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.