Root Financial Partners LLC Grows Stake in Invesco QQQ (NASDAQ:QQQ)

Root Financial Partners LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 16.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,461 shares of the exchange traded fund’s stock after purchasing an additional 1,164 shares during the period. Invesco QQQ makes up about 0.5% of Root Financial Partners LLC’s portfolio, making the stock its 22nd biggest holding. Root Financial Partners LLC’s holdings in Invesco QQQ were worth $4,325,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Northern Financial Advisors Inc raised its stake in Invesco QQQ by 2.1% in the 4th quarter. Northern Financial Advisors Inc now owns 4,177 shares of the exchange traded fund’s stock worth $2,135,000 after acquiring an additional 85 shares during the last quarter. Walkner Condon Financial Advisors LLC boosted its position in Invesco QQQ by 2.2% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 2,658 shares of the exchange traded fund’s stock worth $1,359,000 after purchasing an additional 58 shares in the last quarter. Family Capital Management Inc. grew its position in Invesco QQQ by 2.0% during the fourth quarter. Family Capital Management Inc. now owns 34,567 shares of the exchange traded fund’s stock valued at $17,672,000 after buying an additional 662 shares during the period. Bogart Wealth LLC increased its stake in shares of Invesco QQQ by 1.7% in the 4th quarter. Bogart Wealth LLC now owns 22,840 shares of the exchange traded fund’s stock valued at $11,676,000 after purchasing an additional 388 shares in the last quarter. Finally, Catalyst Financial Partners LLC increased its position in shares of Invesco QQQ by 45.8% in the fourth quarter. Catalyst Financial Partners LLC now owns 1,009 shares of the exchange traded fund’s stock valued at $516,000 after buying an additional 317 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $535.90 on Friday. The company has a 50-day moving average price of $521.86 and a 200 day moving average price of $497.08. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently declared 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 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.