Invesco QQQ (NASDAQ:QQQ) Shares Acquired by J Arnold Wealth Management Co

J Arnold Wealth Management Co grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 1,403.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,261 shares of the exchange traded fund’s stock after buying an additional 95,461 shares during the period. Invesco QQQ accounts for about 14.3% of J Arnold Wealth Management Co’s holdings, making the stock its 2nd biggest holding. J Arnold Wealth Management Co’s holdings in Invesco QQQ were worth $41,878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Barclays PLC boosted its stake in shares of Invesco QQQ by 113.5% in the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after purchasing an additional 48,423,350 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in shares of Invesco QQQ by 156,045.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after purchasing an additional 43,463,232 shares during the period. Morgan Stanley boosted its stake in shares of Invesco QQQ by 10.0% in the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after purchasing an additional 1,533,114 shares during the period. Senator Investment Group LP purchased a new position in shares of Invesco QQQ in the second quarter valued at approximately $319,548,000. Finally, MML Investors Services LLC purchased a new position in shares of Invesco QQQ in the second quarter valued at approximately $298,069,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.3 %

Invesco QQQ stock traded down $1.44 during trading on Tuesday, reaching $443.32. The stock had a trading volume of 33,520,385 shares, compared to its average volume of 45,187,645. Invesco QQQ has a 52-week low of $304.77 and a 52-week high of $449.34. The business has a 50 day moving average price of $432.41 and a 200 day moving average price of $398.85.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%.

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.