Redmont Wealth Advisors LLC Buys New Position in Invesco QQQ $QQQ

Redmont Wealth Advisors LLC purchased a new position in Invesco QQQ (NASDAQ:QQQFree Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,154 shares of the exchange traded fund’s stock, valued at approximately $1,293,000. Invesco QQQ accounts for 1.8% of Redmont Wealth Advisors LLC’s holdings, making the stock its 10th largest position.

Several other hedge funds and other institutional investors have also modified their holdings of QQQ. Navigoe LLC raised its position in Invesco QQQ by 300.0% in the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 45 shares in the last quarter. PayPay Securities Corp grew its holdings in shares of Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in Invesco QQQ during the 3rd quarter valued at about $42,000. Moser Wealth Advisors LLC boosted its position in Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 93 shares in the last quarter. Finally, Canoe Financial LP bought a new stake in Invesco QQQ during the third quarter worth about $64,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7%

QQQ stock opened at $605.79 on Thursday. The business has a fifty day moving average price of $616.94 and a 200 day moving average price of $604.62. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were issued a dividend of $0.7941 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69.

Key Stories Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

About Invesco QQQ

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.