RMR Wealth Builders Has $5.85 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

RMR Wealth Builders increased its position in Invesco QQQ (NASDAQ:QQQ) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,446 shares of the exchange traded fund’s stock after purchasing an additional 131 shares during the period. Invesco QQQ makes up 0.6% of RMR Wealth Builders’ investment portfolio, making the stock its 26th largest holding. RMR Wealth Builders’ holdings in Invesco QQQ were worth $5,852,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. International Assets Investment Management LLC lifted its stake in shares of Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after buying an additional 32,516,210 shares in the last quarter. Granite Bay Wealth Management LLC lifted its position in shares of Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after acquiring an additional 894,532 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after acquiring an additional 488,815 shares during the period. CBIZ Investment Advisory Services LLC grew its position in shares of Invesco QQQ by 6,880.6% in the second quarter. CBIZ Investment Advisory Services LLC now owns 395,588 shares of the exchange traded fund’s stock valued at $189,530,000 after purchasing an additional 389,921 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Invesco QQQ by 7.3% in the second quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after purchasing an additional 338,494 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ traded down $7.64 during trading on Friday, reaching $507.63. 39,865,654 shares of the company were exchanged, compared to its average volume of 34,781,039. Invesco QQQ has a 12-month low of $402.92 and a 12-month high of $539.15. The company’s 50-day moving average is $514.52 and its two-hundred day moving average is $490.73.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date 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.