Invesco QQQ (NASDAQ:QQQ) Shares Acquired by BCGM Wealth Management LLC

BCGM Wealth Management LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,365 shares of the exchange traded fund’s stock after acquiring an additional 246 shares during the period. Invesco QQQ accounts for approximately 3.6% of BCGM Wealth Management LLC’s investment portfolio, making the stock its 4th biggest holding. BCGM Wealth Management LLC’s holdings in Invesco QQQ were worth $11,434,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp increased its position in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new position in Invesco QQQ during the 4th quarter worth approximately $37,000. Hoese & Co LLP increased its position in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the period. Legacy Bridge LLC increased its position in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the period. Finally, BNP Paribas purchased a new stake in Invesco QQQ in the third quarter valued at approximately $62,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $526.08 on Monday. The company’s 50 day simple moving average is $523.39 and its 200-day simple moving average is $501.59. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81.

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 given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco QQQ

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.