Wooster Corthell Wealth Management Inc. boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,743 shares of the exchange traded fund’s stock after purchasing an additional 23 shares during the quarter. Wooster Corthell Wealth Management Inc.’s holdings in Invesco QQQ were worth $1,402,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in QQQ. Divergent Planning LLC boosted its stake in Invesco QQQ by 2.4% during the 4th quarter. Divergent Planning LLC now owns 1,051 shares of the exchange traded fund’s stock valued at $533,000 after purchasing an additional 25 shares during the period. Diversify Wealth Management LLC increased its stake in shares of Invesco QQQ by 206.9% in the fourth quarter. Diversify Wealth Management LLC now owns 17,750 shares of the exchange traded fund’s stock valued at $9,003,000 after purchasing an additional 11,967 shares during the period. LVW Advisors LLC raised its holdings in shares of Invesco QQQ by 45.0% during the fourth quarter. LVW Advisors LLC now owns 615 shares of the exchange traded fund’s stock valued at $314,000 after buying an additional 191 shares during the last quarter. Global Wealth Management LLC boosted its position in shares of Invesco QQQ by 13.8% during the fourth quarter. Global Wealth Management LLC now owns 12,003 shares of the exchange traded fund’s stock worth $6,136,000 after buying an additional 1,455 shares during the period. Finally, Smart Money Group LLC grew its holdings in Invesco QQQ by 0.4% in the 4th quarter. Smart Money Group LLC now owns 61,597 shares of the exchange traded fund’s stock worth $31,490,000 after buying an additional 238 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Stock Performance
QQQ opened at $521.74 on Tuesday. The stock’s 50 day moving average price is $515.94 and its 200 day moving average price is $492.12. Invesco QQQ has a 12 month low of $409.16 and a 12 month high of $539.15.
Invesco QQQ Announces Dividend
Invesco QQQ Company 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.
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