Wealth Architects LLC Has $1.24 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Wealth Architects LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,416 shares of the exchange traded fund’s stock after acquiring an additional 38 shares during the period. Wealth Architects LLC’s holdings in Invesco QQQ were worth $1,235,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Arrien Investments Inc. acquired a new position in Invesco QQQ during the fourth quarter worth $427,000. Cassady Schiller Wealth Management LLC raised its holdings in shares of Invesco QQQ by 1.9% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 2,190 shares of the exchange traded fund’s stock valued at $1,120,000 after purchasing an additional 41 shares during the last quarter. TCTC Holdings LLC raised its holdings in shares of Invesco QQQ by 9.6% in the fourth quarter. TCTC Holdings LLC now owns 2,444 shares of the exchange traded fund’s stock valued at $1,249,000 after purchasing an additional 215 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Invesco QQQ by 7.4% in the fourth quarter. Signaturefd LLC now owns 6,863 shares of the exchange traded fund’s stock valued at $3,509,000 after purchasing an additional 471 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Invesco QQQ by 1.2% in the fourth quarter. Parallel Advisors LLC now owns 46,090 shares of the exchange traded fund’s stock valued at $23,563,000 after purchasing an additional 559 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $479.66 on Monday. The firm has a 50-day moving average of $514.89 and a 200-day moving average of $504.08. The company has a market cap of $302.59 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. 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.