Traveka Wealth LLC Purchases New Position in Invesco QQQ (NASDAQ:QQQ)

Traveka Wealth LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,331 shares of the exchange traded fund’s stock, valued at approximately $680,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Legacy Bridge LLC lifted 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 valued at $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas acquired a new stake in shares of Invesco QQQ during the third quarter valued at about $62,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of Invesco QQQ by 75.9% during 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 acquired a new position in shares of Invesco QQQ in the second quarter valued at approximately $76,000. Finally, Ashton Thomas Securities LLC bought a new position in Invesco QQQ in the 3rd quarter valued at approximately $91,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $505.56 on Tuesday. Invesco QQQ has a fifty-two week low of $402.92 and a fifty-two week high of $539.15. The company’s 50 day moving average price is $515.32 and its two-hundred day moving average price is $491.29.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date 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.