TCV Trust & Wealth Management Inc. Buys Shares of 1,231 Invesco QQQ (NASDAQ:QQQ)

TCV Trust & Wealth Management Inc. purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,231 shares of the exchange traded fund’s stock, valued at approximately $629,000.

A number of other hedge funds have also made changes to their positions in the stock. SOA Wealth Advisors LLC. lifted its position in shares of Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in Invesco QQQ during the third quarter valued at approximately $181,000. Stablepoint Partners LLC raised its stake in Invesco QQQ by 95.7% during the third quarter. Stablepoint Partners LLC now owns 1,832 shares of the exchange traded fund’s stock valued at $894,000 after buying an additional 896 shares in the last quarter. Empirical Asset Management LLC lifted its holdings in Invesco QQQ by 7.3% during the 3rd quarter. Empirical Asset Management LLC now owns 1,286 shares of the exchange traded fund’s stock worth $628,000 after buying an additional 87 shares during the last quarter. Finally, Grove Bank & Trust grew its position in shares of Invesco QQQ by 16.9% in the 3rd quarter. Grove Bank & Trust now owns 782 shares of the exchange traded fund’s stock worth $382,000 after acquiring an additional 113 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

Shares of NASDAQ QQQ opened at $527.99 on Wednesday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The business has a 50 day simple moving average of $521.54 and a 200-day simple moving average of $496.40.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid 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.