Naples Money Management LLC Makes New $693,000 Investment in Invesco QQQ (NASDAQ:QQQ)

Naples Money Management LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,693 shares of the exchange traded fund’s stock, valued at approximately $693,000.

Other institutional investors have also made changes to their positions in the company. Tanager Wealth Management LLP raised its stake in Invesco QQQ by 31.9% during the fourth quarter. Tanager Wealth Management LLP now owns 1,984 shares of the exchange traded fund’s stock worth $813,000 after acquiring an additional 480 shares in the last quarter. Redmont Wealth Advisors LLC increased its position in shares of 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 in the last quarter. Beaumont Financial Advisors LLC boosted its position in Invesco QQQ by 6.9% in the fourth quarter. Beaumont Financial Advisors LLC now owns 5,067 shares of the exchange traded fund’s stock valued at $2,075,000 after buying an additional 328 shares in the last quarter. Opes Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $248,000. Finally, Sterling Financial Planning Inc. raised its stake in shares of Invesco QQQ by 0.4% in the fourth quarter. Sterling Financial Planning Inc. now owns 6,735 shares of the exchange traded fund’s stock valued at $2,758,000 after acquiring an additional 27 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 2.1 %

NASDAQ QQQ traded down $8.76 during trading hours on Friday, reaching $414.65. 75,140,125 shares of the company’s stock were exchanged, compared to its average volume of 46,015,852. The firm has a fifty day moving average of $438.05 and a 200-day moving average of $407.51. Invesco QQQ has a one year low of $309.89 and a one year high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis 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.