GSB Wealth Management LLC Raises Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

GSB Wealth Management LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,652 shares of the exchange traded fund’s stock after buying an additional 80 shares during the quarter. Invesco QQQ accounts for approximately 1.3% of GSB Wealth Management LLC’s holdings, making the stock its 15th biggest holding. GSB Wealth Management LLC’s holdings in Invesco QQQ were worth $4,935,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Hoese & Co LLP boosted its holdings in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares in the last quarter. Legacy Bridge LLC boosted its holdings in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas bought a new stake in Invesco QQQ in the third quarter valued at $62,000. Brooklyn Investment Group bought a new stake in shares of Invesco QQQ during the 4th quarter valued at $69,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 63 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $529.63 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The company’s fifty day moving average price is $517.86 and its 200-day moving average price is $493.31.

Invesco QQQ Announces Dividend

The firm also recently announced 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.

Invesco QQQ Company 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.