GC Wealth Management RIA LLC Has $5.62 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

GC Wealth Management RIA LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 9.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,987 shares of the exchange traded fund’s stock after purchasing an additional 950 shares during the quarter. Invesco QQQ makes up approximately 1.0% of GC Wealth Management RIA LLC’s investment portfolio, making the stock its 22nd largest holding. GC Wealth Management RIA LLC’s holdings in Invesco QQQ were worth $5,617,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. boosted its holdings in shares of Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after buying an additional 46 shares in the last quarter. Pettinga Financial Advisors LLC boosted its holdings in shares of Invesco QQQ by 13.6% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after buying an additional 1,854 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Invesco QQQ by 2.1% in the 3rd quarter. Assetmark Inc. now owns 26,866 shares of the exchange traded fund’s stock worth $13,112,000 after purchasing an additional 556 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Invesco QQQ in the 3rd quarter worth $91,000. Finally, Ridgecrest Wealth Partners LLC lifted its holdings in shares of Invesco QQQ by 5.3% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 4,096 shares of the exchange traded fund’s stock worth $1,999,000 after purchasing an additional 206 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 3.9 %

Shares of QQQ opened at $472.73 on Tuesday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The business’s fifty day moving average is $517.98 and its 200 day moving average is $504.13. The stock has a market cap of $297.94 billion, a P/E ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors 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.