Activest Wealth Management Buys 8,089 Shares of Invesco QQQ $QQQ

Activest Wealth Management grew its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 10.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 87,734 shares of the exchange traded fund’s stock after buying an additional 8,089 shares during the quarter. Invesco QQQ accounts for about 10.7% of Activest Wealth Management’s portfolio, making the stock its 2nd largest holding. Activest Wealth Management’s holdings in Invesco QQQ were worth $52,673,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Invesco QQQ by 42.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after purchasing an additional 1,457,109 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Invesco QQQ by 0.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund’s stock valued at $1,778,116,000 after buying an additional 22,220 shares during the period. HRT Financial LP increased its holdings in Invesco QQQ by 118.3% in the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock valued at $1,735,226,000 after buying an additional 1,704,600 shares in the last quarter. Symphony Financial Ltd. Co. acquired a new position in shares of Invesco QQQ in the second quarter worth about $1,236,482,000. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Invesco QQQ by 6.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,101,906 shares of the exchange traded fund’s stock worth $611,049,000 after acquiring an additional 65,387 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $633.22 on Thursday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The business has a 50-day moving average price of $618.32 and a 200 day moving average price of $599.58.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a $0.7941 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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