Capital Wealth Management LLC Purchases 138 Shares of Invesco QQQ (NASDAQ:QQQ)

Capital Wealth Management LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,688 shares of the exchange traded fund’s stock after purchasing an additional 138 shares during the quarter. Invesco QQQ accounts for about 0.4% of Capital Wealth Management LLC’s holdings, making the stock its 27th biggest holding. Capital Wealth Management LLC’s holdings in Invesco QQQ were worth $863,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Invesco QQQ by 159.6% in the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after purchasing an additional 2,059 shares during the period. Principal Financial Group Inc. grew its position in shares of Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after buying an additional 11,351 shares during the last quarter. Socha Financial Group LLC increased its stake in shares of Invesco QQQ by 2.4% in the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after buying an additional 2,171 shares during the period. NRI Wealth Management LC bought a new position in shares of Invesco QQQ during the fourth quarter worth about $28,729,000. Finally, Garden State Investment Advisory Services LLC lifted its stake in shares of 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 acquiring an additional 3,581 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 1.7 %

Shares of QQQ stock opened at $521.74 on Tuesday. Invesco QQQ has a one year low of $409.16 and a one year high of $539.15. The business’s 50 day simple moving average is $515.94 and its 200 day simple moving average is $492.12.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.8347 per share. 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.