Jeppson Wealth Management LLC Has $1.23 Million Position in Invesco QQQ (NASDAQ:QQQ)

Jeppson Wealth Management LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,401 shares of the exchange traded fund’s stock after buying an additional 69 shares during the quarter. Jeppson Wealth Management LLC’s holdings in Invesco QQQ were worth $1,228,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Proathlete Wealth Management LLC grew its stake in shares of Invesco QQQ by 8.3% in the fourth quarter. Proathlete Wealth Management LLC now owns 26,325 shares of the exchange traded fund’s stock valued at $13,461,000 after acquiring an additional 2,008 shares in the last quarter. Matrix Asset Advisors Inc. NY boosted its holdings in Invesco QQQ by 2.0% in the 4th quarter. Matrix Asset Advisors Inc. NY now owns 1,275 shares of the exchange traded fund’s stock valued at $652,000 after purchasing an additional 25 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares in the last quarter. Griffin Asset Management Inc. increased its holdings in shares of Invesco QQQ by 0.7% during the fourth quarter. Griffin Asset Management Inc. now owns 16,350 shares of the exchange traded fund’s stock worth $8,359,000 after purchasing an additional 113 shares during the period. Finally, Pacific Capital Wealth Advisors Inc. raised its position in shares of Invesco QQQ by 8.1% in the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 71,190 shares of the exchange traded fund’s stock valued at $36,395,000 after buying an additional 5,336 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $521.88 on Wednesday. The business’s 50 day simple moving average is $518.14 and its 200 day simple moving average is $493.37. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend 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.