Financial Enhancement Group LLC Takes Position in Invesco QQQ (NASDAQ:QQQ)

Financial Enhancement Group LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,868 shares of the exchange traded fund’s stock, valued at approximately $17,628,000. Invesco QQQ comprises 2.7% of Financial Enhancement Group LLC’s portfolio, making the stock its 9th biggest position.

Other institutional investors also recently bought and sold shares of the company. Essex Savings Bank boosted its stake in Invesco QQQ by 4.0% during the fourth quarter. Essex Savings Bank now owns 7,011 shares of the exchange traded fund’s stock valued at $3,584,000 after buying an additional 270 shares during the last quarter. Keeler & Nadler Financial Planning & Wealth Management purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $210,000. ERn Financial LLC boosted its position in shares of Invesco QQQ by 5.1% during the 4th quarter. ERn Financial LLC now owns 935 shares of the exchange traded fund’s stock valued at $478,000 after acquiring an additional 45 shares during the last quarter. BluePath Capital Management LLC grew its holdings in shares of Invesco QQQ by 22.3% in the fourth quarter. BluePath Capital Management LLC now owns 2,775 shares of the exchange traded fund’s stock valued at $1,403,000 after purchasing an additional 506 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. increased its position in Invesco QQQ by 2.1% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 10,353 shares of the exchange traded fund’s stock worth $5,293,000 after purchasing an additional 214 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.7 %

Invesco QQQ stock opened at $513.08 on Friday. Invesco QQQ has a 52-week low of $402.92 and a 52-week high of $539.15. The firm’s fifty day moving average is $515.79 and its 200 day moving average is $491.65.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

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.