NewEdge Wealth LLC Acquires 4,002 Shares of Invesco QQQ (NASDAQ:QQQ)

NewEdge Wealth LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 29.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,439 shares of the exchange traded fund’s stock after purchasing an additional 4,002 shares during the quarter. NewEdge Wealth LLC’s holdings in Invesco QQQ were worth $8,916,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sincerus Advisory LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $983,000. Red Crane Wealth Management LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $2,484,000. LifeGoal Wealth Advisors bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $281,000. Siligmueller & Norvid Wealth Advisors LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $475,000. Finally, Nelson Capital Management LLC lifted its position in shares of Invesco QQQ by 162.5% in the 4th quarter. Nelson Capital Management LLC now owns 2,250 shares of the exchange traded fund’s stock worth $1,150,000 after acquiring an additional 1,393 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.8 %

Shares of QQQ stock opened at $500.27 on Friday. The stock has a 50 day moving average of $522.25 and a two-hundred day moving average of $502.61. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The company has a market capitalization of $315.30 billion, a P/E ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. 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.