Omnia Family Wealth LLC Takes $5.68 Million Position in Invesco QQQ (NASDAQ:QQQ)

Omnia Family Wealth LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,870 shares of the exchange traded fund’s stock, valued at approximately $5,683,000. Invesco QQQ comprises about 2.9% of Omnia Family Wealth LLC’s holdings, making the stock its 10th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in shares of Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after purchasing an additional 28,263,426 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Invesco QQQ by 1.2% during the third quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after purchasing an additional 52,019 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after purchasing an additional 243,305 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Invesco QQQ by 5.2% during the third quarter. Commonwealth Equity Services LLC now owns 2,312,133 shares of the exchange traded fund’s stock worth $828,368,000 after purchasing an additional 114,095 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Invesco QQQ by 2.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock worth $663,516,000 after purchasing an additional 43,000 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded up $6.55 during trading on Friday, reaching $431.00. 41,874,907 shares of the stock were exchanged, compared to its average volume of 47,550,872. The stock’s fifty day moving average is $436.88 and its 200 day moving average is $410.40. Invesco QQQ has a 1 year low of $315.05 and a 1 year high of $449.34.

Invesco QQQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.53%.

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.