Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Selective Wealth Management Inc.

Selective Wealth Management Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,791 shares of the exchange traded fund’s stock after acquiring an additional 185 shares during the period. Invesco QQQ accounts for about 0.8% of Selective Wealth Management Inc.’s investment portfolio, making the stock its 19th biggest holding. Selective Wealth Management Inc.’s holdings in Invesco QQQ were worth $1,915,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC increased its position in Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after buying an additional 32,516,210 shares during the period. Granite Bay Wealth Management LLC grew its position in shares of Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after acquiring an additional 894,532 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after acquiring an additional 488,815 shares during the period. Ameriprise Financial Inc. lifted its position in Invesco QQQ by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after purchasing an additional 338,494 shares during the last quarter. Finally, Empirical Asset Management LLC boosted its stake in Invesco QQQ by 15,676.3% during the 4th quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock valued at $103,720,000 after purchasing an additional 201,597 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.7 %

QQQ opened at $521.74 on Friday. The business’s 50 day moving average is $515.94 and its 200-day moving average is $492.08. Invesco QQQ has a twelve month low of $409.16 and a twelve month high of $539.15.

Invesco QQQ Dividend Announcement

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

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.