Prospect Financial Services LLC Has $5.26 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Prospect Financial Services LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,290 shares of the exchange traded fund’s stock after acquiring an additional 675 shares during the period. Invesco QQQ makes up 2.9% of Prospect Financial Services LLC’s portfolio, making the stock its 11th largest holding. Prospect Financial Services LLC’s holdings in Invesco QQQ were worth $5,260,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Perigon Wealth Management LLC increased its stake in Invesco QQQ by 2.8% during the fourth quarter. Perigon Wealth Management LLC now owns 175,157 shares of the exchange traded fund’s stock valued at $89,870,000 after acquiring an additional 4,752 shares during the period. Jeppson Wealth Management LLC grew its holdings in shares of Invesco QQQ by 3.0% during the 4th quarter. Jeppson Wealth Management LLC now owns 2,401 shares of the exchange traded fund’s stock worth $1,228,000 after purchasing an additional 69 shares in the last quarter. Proathlete Wealth Management LLC increased its position in shares of Invesco QQQ by 8.3% during the fourth quarter. Proathlete Wealth Management LLC now owns 26,325 shares of the exchange traded fund’s stock valued at $13,461,000 after purchasing an additional 2,008 shares during the period. Matrix Asset Advisors Inc. NY increased its position in shares of Invesco QQQ by 2.0% during the fourth quarter. Matrix Asset Advisors Inc. NY now owns 1,275 shares of the exchange traded fund’s stock valued at $652,000 after purchasing an additional 25 shares during the period. Finally, Revolve Wealth Partners LLC raised its stake in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.5 %

QQQ opened at $521.88 on Wednesday. The firm’s fifty day moving average price is $518.14 and its two-hundred day moving average price is $493.37. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Dividend Announcement

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