Watts Gwilliam & Co. LLC Raises Position in Invesco QQQ (NASDAQ:QQQ)

Watts Gwilliam & Co. LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 17.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,518 shares of the exchange traded fund’s stock after buying an additional 1,557 shares during the period. Invesco QQQ comprises about 1.1% of Watts Gwilliam & Co. LLC’s holdings, making the stock its 20th largest position. Watts Gwilliam & Co. LLC’s holdings in Invesco QQQ were worth $5,419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Legacy Bridge LLC boosted its stake in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas bought a new stake in Invesco QQQ during the third quarter worth $62,000. Ritter Daniher Financial Advisory LLC DE boosted its position in Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares during the last quarter. Providence Capital Advisors LLC bought a new position in Invesco QQQ in the 2nd quarter valued at $76,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at $91,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $515.27 on Friday. The company’s 50-day moving average is $514.52 and its 200 day moving average is $490.73. Invesco QQQ has a fifty-two week low of $401.71 and a fifty-two week high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. 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.