Rooted Wealth Advisors Inc. Increases Stake in Invesco QQQ (NASDAQ:QQQ)

Rooted Wealth Advisors Inc. raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 640 shares of the exchange traded fund’s stock after purchasing an additional 32 shares during the quarter. Rooted Wealth Advisors Inc.’s holdings in Invesco QQQ were worth $330,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Palacios Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $763,000. Arcus Capital Partners LLC lifted its position in Invesco QQQ by 25.8% in the 4th quarter. Arcus Capital Partners LLC now owns 17,730 shares of the exchange traded fund’s stock valued at $9,064,000 after acquiring an additional 3,641 shares in the last quarter. Root Financial Partners LLC lifted its position in Invesco QQQ by 16.0% in the 4th quarter. Root Financial Partners LLC now owns 8,461 shares of the exchange traded fund’s stock valued at $4,325,000 after acquiring an additional 1,164 shares in the last quarter. Northern Financial Advisors Inc increased its holdings in shares of Invesco QQQ by 2.1% in the 4th quarter. Northern Financial Advisors Inc now owns 4,177 shares of the exchange traded fund’s stock worth $2,135,000 after purchasing an additional 85 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC raised its stake in shares of Invesco QQQ by 2.2% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 2,658 shares of the exchange traded fund’s stock worth $1,359,000 after purchasing an additional 58 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.4 %

Shares of NASDAQ:QQQ opened at $535.90 on Friday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The stock’s fifty day moving average price is $521.86 and its 200-day moving average price is $497.08.

Invesco QQQ Dividend Announcement

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

Invesco QQQ Company 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.