Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Tanager Wealth Management LLP

Tanager Wealth Management LLP lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 31.9% in the fourth quarter, HoldingsChannel reports. The firm owned 1,984 shares of the exchange traded fund’s stock after buying an additional 480 shares during the quarter. Tanager Wealth Management LLP’s holdings in Invesco QQQ were worth $813,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of QQQ. Redmont Wealth Advisors LLC increased its holdings in Invesco QQQ by 14.1% during the 4th quarter. Redmont Wealth Advisors LLC now owns 2,896 shares of the exchange traded fund’s stock worth $1,186,000 after purchasing an additional 358 shares during the period. Beaumont Financial Advisors LLC grew its position in shares of Invesco QQQ by 6.9% during the fourth quarter. Beaumont Financial Advisors LLC now owns 5,067 shares of the exchange traded fund’s stock worth $2,075,000 after buying an additional 328 shares in the last quarter. Opes Wealth Management LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $248,000. Sterling Financial Planning Inc. increased its stake in shares of Invesco QQQ by 0.4% during the fourth quarter. Sterling Financial Planning Inc. now owns 6,735 shares of the exchange traded fund’s stock worth $2,758,000 after buying an additional 27 shares during the period. Finally, Fidelis Capital Partners LLC raised its holdings in Invesco QQQ by 184.9% in the fourth quarter. Fidelis Capital Partners LLC now owns 6,058 shares of the exchange traded fund’s stock valued at $2,481,000 after acquiring an additional 3,932 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.1 %

Invesco QQQ stock traded down $8.76 during trading on Friday, reaching $414.65. The stock had a trading volume of 75,140,125 shares, compared to its average volume of 46,015,852. Invesco QQQ has a 52-week low of $309.89 and a 52-week high of $449.34. The business has a 50 day moving average price of $438.05 and a 200 day moving average price of $407.51.

Invesco QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.55%.

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.