Channel Wealth LLC Buys 237 Shares of Invesco QQQ (NASDAQ:QQQ)

Channel Wealth LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,013 shares of the exchange traded fund’s stock after acquiring an additional 237 shares during the quarter. Invesco QQQ makes up approximately 1.8% of Channel Wealth LLC’s holdings, making the stock its 15th biggest holding. Channel Wealth LLC’s holdings in Invesco QQQ were worth $5,630,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northeast Investment Management increased its position in Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after buying an additional 20 shares in the last quarter. Planning Capital Management Corp grew its stake in shares of Invesco QQQ by 7.1% during the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 20 shares during the last quarter. Cardinal Point Capital Management ULC increased its holdings in shares of Invesco QQQ by 0.5% during the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after acquiring an additional 20 shares in the last quarter. Skyline Advisors Inc. raised its position in shares of Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after purchasing an additional 21 shares during the last quarter. Finally, Madden Advisory Services Inc. boosted its stake in Invesco QQQ by 0.9% in the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock worth $1,214,000 after purchasing an additional 21 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $521.74 on Friday. Invesco QQQ has a twelve month low of $409.16 and a twelve month high of $539.15. The company’s 50 day moving average is $515.79 and its two-hundred day moving average is $491.80.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend 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.