Potentia Wealth Buys Shares of 857 Invesco QQQ (NASDAQ:QQQ)

Potentia Wealth purchased a new position in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 857 shares of the exchange traded fund’s stock, valued at approximately $438,000.

Several other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in shares of Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after purchasing an additional 2,059 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after buying an additional 11,351 shares during the last quarter. NRI Wealth Management LC bought a new stake in Invesco QQQ during the fourth quarter valued at approximately $28,729,000. Garden State Investment Advisory Services LLC increased its holdings in Invesco QQQ by 13.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after buying an additional 3,581 shares during the last quarter. Finally, Silverleafe Capital Partners LLC raised its position in Invesco QQQ by 16.8% in the fourth quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock worth $23,165,000 after acquiring an additional 6,518 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $490.66 on Tuesday. The company has a market cap of $309.24 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The firm has a fifty day moving average price of $511.00 and a 200-day moving average price of $504.66.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.