Invesco QQQ (NASDAQ:QQQ) Shares Bought by Prosperity Wealth Management Inc.

Prosperity Wealth Management Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ) by 49.8% in the fourth quarter, HoldingsChannel reports. The fund owned 38,013 shares of the exchange traded fund’s stock after purchasing an additional 12,639 shares during the period. Invesco QQQ accounts for approximately 8.0% of Prosperity Wealth Management Inc.’s investment portfolio, making the stock its 2nd largest holding. Prosperity Wealth Management Inc.’s holdings in Invesco QQQ were worth $19,433,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Proficio Capital Partners LLC increased its position in shares of Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after buying an additional 11,478,188 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after buying an additional 488,815 shares in the last quarter. Strategic Financial Concepts LLC increased its position in shares of Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Invesco QQQ by 0.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock worth $1,593,354,000 after purchasing an additional 27,115 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp increased its position in shares of Invesco QQQ by 0.8% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock worth $940,676,000 after purchasing an additional 13,772 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $471.60 on Wednesday. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The stock has a market capitalization of $297.23 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The stock has a 50 day moving average price of $517.19 and a 200 day moving average price of $504.07.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors 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.

Invesco QQQ 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.