Invesco QQQ (NASDAQ:QQQ) Shares Bought by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc grew its position in Invesco QQQ (NASDAQ:QQQ) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,291 shares of the exchange traded fund’s stock after purchasing an additional 83 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Invesco QQQ were worth $529,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Red Tortoise LLC raised its stake in Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares during the last quarter. Friedenthal Financial purchased a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $41,000. Bear Mountain Capital Inc. purchased a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $42,000. Core Wealth Advisors Inc. boosted its stake in Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. grew its position in Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 3,500 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.5 %

NASDAQ QQQ opened at $425.07 on Wednesday. Invesco QQQ has a 12-month low of $309.89 and a 12-month high of $449.34. The company has a fifty day simple moving average of $437.20 and a two-hundred day simple moving average of $409.44.

Invesco QQQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%.

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.