Kaydan Wealth Management Inc. Raises Stock Position in Invesco QQQ (NASDAQ:QQQ)

Kaydan Wealth Management Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,732 shares of the exchange traded fund’s stock after acquiring an additional 40 shares during the quarter. Invesco QQQ makes up approximately 1.1% of Kaydan Wealth Management Inc.’s investment portfolio, making the stock its 16th largest position. Kaydan Wealth Management Inc.’s holdings in Invesco QQQ were worth $3,442,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in QQQ. Legacy Bridge LLC boosted its stake in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the last quarter. BNP Paribas purchased a new stake in shares of Invesco QQQ in the 3rd quarter valued at approximately $62,000. Brooklyn Investment Group acquired a new stake in Invesco QQQ during the fourth quarter worth $69,000. Pacifica Partners Inc. acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $73,000. Finally, Ritter Daniher Financial Advisory LLC DE increased its position in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 63 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $521.74 on Monday. Invesco QQQ has a one year low of $409.16 and a one year high of $539.15. The business has a 50-day simple moving average of $515.94 and a 200-day simple moving average of $492.11.

Invesco QQQ Dividend Announcement

The firm also recently declared 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.

Invesco QQQ Profile

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.