Stablepoint Partners LLC Raises Position in Invesco QQQ (NASDAQ:QQQ)

Stablepoint Partners LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 22.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,235 shares of the exchange traded fund’s stock after buying an additional 403 shares during the quarter. Stablepoint Partners LLC’s holdings in Invesco QQQ were worth $1,143,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Requisite Capital Management LLC grew its stake in Invesco QQQ by 5.4% in the 4th quarter. Requisite Capital Management LLC now owns 8,394 shares of the exchange traded fund’s stock worth $4,291,000 after buying an additional 427 shares in the last quarter. Novare Capital Management LLC lifted its holdings in shares of Invesco QQQ by 137.4% during the 4th quarter. Novare Capital Management LLC now owns 11,851 shares of the exchange traded fund’s stock worth $6,058,000 after acquiring an additional 6,860 shares during the last quarter. MKT Advisors LLC grew its position in Invesco QQQ by 0.8% in the fourth quarter. MKT Advisors LLC now owns 3,297 shares of the exchange traded fund’s stock worth $1,720,000 after acquiring an additional 25 shares in the last quarter. Embree Financial Group increased its stake in Invesco QQQ by 0.8% in the fourth quarter. Embree Financial Group now owns 116,043 shares of the exchange traded fund’s stock valued at $59,325,000 after acquiring an additional 963 shares during the last quarter. Finally, Avaii Wealth Management LLC raised its position in Invesco QQQ by 2.1% during the fourth quarter. Avaii Wealth Management LLC now owns 9,953 shares of the exchange traded fund’s stock valued at $5,088,000 after purchasing an additional 200 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.6 %

Shares of QQQ stock opened at $529.63 on Monday. The business has a 50-day moving average price of $517.86 and a two-hundred day moving average price of $493.28. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15.

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 given a $0.8347 dividend. The ex-dividend date 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.