Prosperity Wealth Management Inc. Has $2.64 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Prosperity Wealth Management Inc. boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 127.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,442 shares of the exchange traded fund’s stock after acquiring an additional 3,605 shares during the period. Invesco QQQ accounts for 1.7% of Prosperity Wealth Management Inc.’s investment portfolio, making the stock its 11th biggest holding. Prosperity Wealth Management Inc.’s holdings in Invesco QQQ were worth $2,638,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. 180 Wealth Advisors LLC increased its holdings in shares of Invesco QQQ by 1.2% during the 3rd quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after purchasing an additional 29 shares during the period. Bank Hapoalim BM increased its holdings in shares of Invesco QQQ by 6.3% during the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after purchasing an additional 4,549 shares during the period. Goodwin Daniel L increased its holdings in shares of Invesco QQQ by 76.1% during the 3rd quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock worth $2,069,000 after purchasing an additional 2,495 shares during the period. Ameriprise Financial Inc. increased its stake in 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 acquiring an additional 243,305 shares during the period. Finally, VitalStone Financial LLC increased its stake 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 acquiring an additional 16,079 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ traded down $4.42 on Wednesday, reaching $426.68. The company’s stock had a trading volume of 20,791,375 shares, compared to its average volume of 45,095,270. The business has a 50-day moving average price of $438.36 and a 200 day moving average price of $407.27. Invesco QQQ has a 52 week low of $309.89 and a 52 week high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%.

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.