Masso Torrence Wealth Management Inc. Raises Stake in Invesco QQQ Trust (NASDAQ:QQQ)

Masso Torrence Wealth Management Inc. grew its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 19.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,928 shares of the exchange traded fund’s stock after buying an additional 2,876 shares during the period. Invesco QQQ Trust accounts for 5.0% of Masso Torrence Wealth Management Inc.’s investment portfolio, making the stock its 5th largest position. Masso Torrence Wealth Management Inc.’s holdings in Invesco QQQ Trust were worth $7,342,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in Invesco QQQ Trust by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after buying an additional 28,263,426 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco QQQ Trust by 1.2% in 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 buying an additional 52,019 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Invesco QQQ Trust 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. Commonwealth Equity Services LLC grew its stake in Invesco QQQ Trust by 5.2% during the third quarter. Commonwealth Equity Services LLC now owns 2,312,133 shares of the exchange traded fund’s stock valued at $828,368,000 after acquiring an additional 114,095 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Invesco QQQ Trust by 2.4% during the 3rd 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 acquiring an additional 43,000 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trust Trading Up 0.0 %

Shares of QQQ stock traded up $0.18 on Wednesday, reaching $425.25. The company’s stock had a trading volume of 26,006,650 shares, compared to its average volume of 45,751,711. The stock’s 50 day simple moving average is $437.20 and its 200-day simple moving average is $409.44. Invesco QQQ Trust has a 12-month low of $309.89 and a 12-month high of $449.34.

Invesco QQQ Trust Announces Dividend

The business 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. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Monday, March 18th.

Invesco QQQ Trust 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.