Tyche Wealth Partners LLC Takes $2.44 Million Position in Invesco QQQ (NASDAQ:QQQ)

Tyche Wealth Partners LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, HoldingsChannel.com reports. The firm bought 5,969 shares of the exchange traded fund’s stock, valued at approximately $2,444,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 180 Wealth Advisors LLC lifted its position in shares of Invesco QQQ by 1.2% in the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock valued at $870,000 after acquiring an additional 29 shares in the last quarter. Bank Hapoalim BM increased its stake in Invesco QQQ by 6.3% during the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after acquiring an additional 4,549 shares during the last quarter. Goodwin Daniel L grew its stake in shares of Invesco QQQ by 76.1% in the third quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock valued at $2,069,000 after buying an additional 2,495 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after buying an additional 243,305 shares in the last quarter. Finally, VitalStone Financial LLC boosted its holdings in Invesco QQQ by 302.0% in the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after purchasing an additional 16,079 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.0 %

NASDAQ QQQ traded up $0.04 during trading on Tuesday, reaching $431.10. 47,490,572 shares of the company’s stock were exchanged, compared to its average volume of 45,458,633. The company has a 50 day moving average price of $438.29 and a two-hundred day moving average price of $406.76. Invesco QQQ has a 1 year low of $309.89 and a 1 year high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently declared 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. This represents a $2.29 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Monday, March 18th.

Invesco QQQ Company 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.