Capital Wealth Alliance LLC Acquires 2,056 Shares of Invesco QQQ (NASDAQ:QQQ)

Capital Wealth Alliance LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 58.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,577 shares of the exchange traded fund’s stock after acquiring an additional 2,056 shares during the period. Invesco QQQ makes up about 1.6% of Capital Wealth Alliance LLC’s holdings, making the stock its 16th largest holding. Capital Wealth Alliance LLC’s holdings in Invesco QQQ were worth $2,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the period. Legacy Bridge LLC lifted its holdings in shares of 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 acquiring an additional 45 shares during the last quarter. BNP Paribas bought a new position in Invesco QQQ in the third quarter valued at $62,000. Brooklyn Investment Group bought a new position in shares of Invesco QQQ during the 4th quarter valued at $69,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its holdings in 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 acquiring an additional 63 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.2 %

NASDAQ:QQQ opened at $529.25 on Tuesday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The company has a 50-day moving average price of $521.26 and a 200-day moving average price of $495.90.

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 given a dividend of $0.8347 per share. 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.