1,482 Shares in Invesco QQQ (NASDAQ:QQQ) Purchased by Palacios Wealth Management LLC

Palacios Wealth Management LLC bought a new position in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,482 shares of the exchange traded fund’s stock, valued at approximately $763,000. Invesco QQQ makes up about 0.8% of Palacios Wealth Management LLC’s investment portfolio, making the stock its 25th biggest holding.

Several other large investors have also bought and sold shares of QQQ. International Assets Investment Management LLC increased its holdings in Invesco QQQ by 46,491.6% during the third 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 buying an additional 32,516,210 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after buying an additional 4,105,389 shares during the last quarter. Toronto Dominion Bank increased its holdings in 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 valued at $2,080,052,000 after buying an additional 488,815 shares during the last quarter. Cibc World Market Inc. increased its holdings in Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock valued at $350,764,000 after buying an additional 324,948 shares during the last quarter. Finally, Empirical Asset Management LLC increased its holdings in Invesco QQQ by 15,676.3% during the fourth quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock valued at $103,720,000 after buying an additional 201,597 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.4 %

Shares of QQQ stock opened at $535.90 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The company has a 50 day simple moving average of $521.86 and a two-hundred day simple moving average of $497.08.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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.