Invesco QQQ (NASDAQ:QQQ) Stake Boosted by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 421,094 shares of the exchange traded fund’s stock after buying an additional 8,675 shares during the period. Invesco QQQ comprises 6.3% of Ritholtz Wealth Management’s investment portfolio, making the stock its 2nd largest holding. Ritholtz Wealth Management owned about 0.07% of Invesco QQQ worth $215,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Bridge LLC raised its stake in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas bought a new position in Invesco QQQ in the 3rd quarter worth approximately $62,000. Ritter Daniher Financial Advisory LLC DE lifted 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 buying an additional 63 shares during the last quarter. Pacifica Partners Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $73,000. Finally, Providence Capital Advisors LLC acquired a new position in Invesco QQQ during the 2nd quarter valued at $76,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.7 %

Shares of QQQ stock opened at $513.08 on Friday. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15. The stock has a 50 day moving average of $515.79 and a two-hundred day moving average of $491.65.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Company 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.