Invesco QQQ (NASDAQ:QQQ) Holdings Boosted by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,967 shares of the exchange traded fund’s stock after acquiring an additional 240 shares during the period. Invesco QQQ makes up approximately 2.6% of Baker Tilly Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. Baker Tilly Wealth Management LLC’s holdings in Invesco QQQ were worth $6,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Bridge LLC raised its stake in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares in the last quarter. BNP Paribas purchased a new position in Invesco QQQ during the 3rd quarter worth $62,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in Invesco QQQ by 75.9% in 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 purchasing an additional 63 shares in the last quarter. Providence Capital Advisors LLC acquired a new stake in Invesco QQQ in the second quarter valued at $76,000. Finally, Ashton Thomas Securities LLC acquired a new position in Invesco QQQ during the third quarter worth about $91,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 1.4 %

Invesco QQQ stock traded down $7.01 during trading on Friday, reaching $508.26. 15,030,130 shares of the company’s stock were exchanged, compared to its average volume of 30,268,389. Invesco QQQ has a 52-week low of $402.92 and a 52-week high of $539.15. The company’s 50-day moving average is $514.52 and its two-hundred day moving average is $490.73.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given 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.