Global Wealth Strategies & Associates Has $2.53 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Global Wealth Strategies & Associates reduced its position in Invesco QQQ (NASDAQ:QQQ) by 1.8% in the 4th quarter, HoldingsChannel reports. The firm owned 4,957 shares of the exchange traded fund’s stock after selling 90 shares during the period. Invesco QQQ makes up about 0.8% of Global Wealth Strategies & Associates’ portfolio, making the stock its 17th largest position. Global Wealth Strategies & Associates’ holdings in Invesco QQQ were worth $2,534,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Bridge LLC lifted its stake in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas acquired a new stake in Invesco QQQ during the third quarter worth approximately $62,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 63 shares during the period. Providence Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the second quarter worth approximately $76,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Invesco QQQ in the third quarter valued at approximately $91,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ traded down $3.22 during trading on Thursday, hitting $508.01. The stock had a trading volume of 25,943,875 shares, compared to its average volume of 37,113,145. The company has a 50 day moving average price of $511.81 and a 200-day moving average price of $489.39. Invesco QQQ has a one year low of $395.34 and a one year high of $539.15.

Invesco QQQ Dividend Announcement

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