Wealthspire Advisors LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

Wealthspire Advisors LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 505.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,472 shares of the exchange traded fund’s stock after buying an additional 109,760 shares during the period. Invesco QQQ comprises 0.8% of Wealthspire Advisors LLC’s holdings, making the stock its 28th biggest holding. Wealthspire Advisors LLC’s holdings in Invesco QQQ were worth $53,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Red Tortoise LLC increased its holdings in Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $41,000. Bear Mountain Capital Inc. acquired a new position in Invesco QQQ in the fourth quarter valued at $42,000. Core Wealth Advisors Inc. increased its position in Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 30 shares during the period. Finally, Hexagon Capital Partners LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $53,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded up $0.96 during trading hours on Thursday, hitting $441.02. 24,398,462 shares of the company were exchanged, compared to its average volume of 45,098,582. Invesco QQQ has a 1 year low of $321.60 and a 1 year high of $449.34. The business has a 50-day moving average of $436.76 and a 200-day moving average of $414.18.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were given a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a yield of 0.52%. The ex-dividend date was Monday, March 18th.

About Invesco QQQ

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.