Gradient Investments LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

Gradient Investments LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,176 shares of the exchange traded fund’s stock after purchasing an additional 43 shares during the quarter. Gradient Investments LLC’s holdings in Invesco QQQ were worth $1,112,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Wolff Financial Management LLC raised its stake in Invesco QQQ by 0.6% in the fourth quarter. Wolff Financial Management LLC now owns 3,276 shares of the exchange traded fund’s stock valued at $1,675,000 after buying an additional 21 shares in the last quarter. CX Institutional increased its holdings in shares of Invesco QQQ by 40.4% in the 4th quarter. CX Institutional now owns 3,497 shares of the exchange traded fund’s stock valued at $1,788,000 after acquiring an additional 1,007 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $1,763,000. Impact Partnership Wealth LLC raised its position in shares of Invesco QQQ by 41.8% during the 4th quarter. Impact Partnership Wealth LLC now owns 69,071 shares of the exchange traded fund’s stock worth $35,311,000 after acquiring an additional 20,360 shares in the last quarter. Finally, Patriot Investment Management Group Inc. lifted its stake in Invesco QQQ by 0.3% during the fourth quarter. Patriot Investment Management Group Inc. now owns 9,021 shares of the exchange traded fund’s stock worth $4,612,000 after purchasing an additional 25 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.6 %

NASDAQ QQQ opened at $529.63 on Friday. The firm’s fifty day moving average price is $517.86 and its 200 day moving average price is $493.31. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15.

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 $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.