Fourth Dimension Wealth LLC Makes New $3.85 Million Investment in Invesco QQQ (NASDAQ:QQQ)

Fourth Dimension Wealth LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 7,436 shares of the exchange traded fund’s stock, valued at approximately $3,853,000. Invesco QQQ comprises 2.0% of Fourth Dimension Wealth LLC’s portfolio, making the stock its 12th biggest position.

A number of other large investors have also modified their holdings of QQQ. Synergy Investment Management LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $723,000. Grant Private Wealth Management Inc acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $815,000. Tandem Investment Partners LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $4,623,000. Gemsstock Ltd. raised its position in shares of Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock worth $150,046,000 after purchasing an additional 213,400 shares during the last quarter. Finally, Wescott Financial Advisory Group LLC raised its position in shares of Invesco QQQ by 1.8% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund’s stock worth $75,071,000 after purchasing an additional 2,600 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2%

QQQ opened at $514.00 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The company has a 50-day moving average price of $474.14 and a 200 day moving average price of $500.80. The company has a market cap of $322.10 billion, a PE ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date was 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.