Invesco QQQ (NASDAQ:QQQ) Stock Position Boosted by SMART Wealth LLC

SMART Wealth LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 96.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,217 shares of the exchange traded fund’s stock after purchasing an additional 7,457 shares during the quarter. Invesco QQQ makes up approximately 2.8% of SMART Wealth LLC’s investment portfolio, making the stock its 7th largest position. SMART Wealth LLC’s holdings in Invesco QQQ were worth $7,779,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. 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 purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC increased its holdings in shares of Invesco QQQ by 60.0% during the 3rd 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 last quarter. BNP Paribas purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at approximately $62,000. Brooklyn Investment Group acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $69,000. Finally, Ritter Daniher Financial Advisory LLC DE grew its position in Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 63 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock opened at $529.60 on Friday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The business has a fifty day moving average of $520.51 and a two-hundred day moving average of $495.05.

Invesco QQQ Announces Dividend

The business also recently disclosed 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.

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.