Tyche Wealth Partners LLC Boosts Position in Invesco QQQ (NASDAQ:QQQ)

Tyche Wealth Partners LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 9.6% during the fourth quarter, HoldingsChannel reports. The firm owned 9,343 shares of the exchange traded fund’s stock after purchasing an additional 822 shares during the period. Invesco QQQ comprises 1.0% of Tyche Wealth Partners LLC’s portfolio, making the stock its 20th largest holding. Tyche Wealth Partners LLC’s holdings in Invesco QQQ were worth $4,776,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in QQQ. GAMMA Investing LLC grew its position in shares of Invesco QQQ by 21.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,290 shares of the exchange traded fund’s stock worth $630,000 after buying an additional 230 shares during the last quarter. Bath Savings Trust Co boosted its stake in Invesco QQQ by 12.7% in the 3rd quarter. Bath Savings Trust Co now owns 665 shares of the exchange traded fund’s stock worth $325,000 after purchasing an additional 75 shares in the last quarter. City Holding Co. boosted its stake in Invesco QQQ by 13.1% in the 3rd quarter. City Holding Co. now owns 7,306 shares of the exchange traded fund’s stock worth $3,566,000 after purchasing an additional 847 shares in the last quarter. Trust Co of Kansas acquired a new stake in Invesco QQQ during the 3rd quarter valued at approximately $227,000. Finally, Brookstone Capital Management lifted its stake in Invesco QQQ by 5.2% during the 3rd quarter. Brookstone Capital Management now owns 377,922 shares of the exchange traded fund’s stock valued at $184,452,000 after acquiring an additional 18,721 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $526.85 on Thursday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The company has a 50 day simple moving average of $520.08 and a two-hundred day simple moving average of $494.82.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. 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.