Global Wealth Management Investment Advisory Inc. Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

Global Wealth Management Investment Advisory Inc. boosted its position in Invesco QQQ (NASDAQ:QQQ) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 30,029 shares of the exchange traded fund’s stock after purchasing an additional 566 shares during the period. Invesco QQQ comprises 3.2% of Global Wealth Management Investment Advisory Inc.’s holdings, making the stock its 5th largest position. Global Wealth Management Investment Advisory Inc.’s holdings in Invesco QQQ were worth $15,352,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of QQQ. International Assets Investment Management LLC raised its holdings in Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after acquiring an additional 32,516,210 shares during the period. Toronto Dominion Bank increased its stake in shares of Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after purchasing an additional 488,815 shares during the period. Strategic Financial Concepts LLC lifted its holdings in Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares during the last quarter. CHURCHILL MANAGEMENT Corp boosted its stake in Invesco QQQ by 0.8% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock valued at $940,676,000 after purchasing an additional 13,772 shares during the period. Finally, Stifel Financial Corp grew its holdings in Invesco QQQ by 0.3% in the 3rd quarter. Stifel Financial Corp now owns 871,333 shares of the exchange traded fund’s stock valued at $425,324,000 after buying an additional 2,572 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.3 %

QQQ stock opened at $522.92 on Monday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15. The business’s fifty day moving average price is $521.26 and its two-hundred day moving average price is $495.67.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders 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.