Transform Wealth LLC Has $1.61 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Transform Wealth LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 32.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,147 shares of the exchange traded fund’s stock after acquiring an additional 763 shares during the period. Transform Wealth LLC’s holdings in Invesco QQQ were worth $1,609,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC boosted its holdings in Invesco QQQ by 9.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,491 shares of the exchange traded fund’s stock valued at $714,000 after purchasing an additional 125 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Invesco QQQ by 35.1% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,081 shares of the exchange traded fund’s stock valued at $1,476,000 after buying an additional 801 shares in the last quarter. 1832 Asset Management L.P. grew its position in Invesco QQQ by 1.0% in the second quarter. 1832 Asset Management L.P. now owns 2,448 shares of the exchange traded fund’s stock valued at $1,173,000 after acquiring an additional 25 shares during the period. Providence Capital Advisors LLC bought a new stake in Invesco QQQ in the second quarter valued at $76,000. Finally, Cheviot Value Management LLC raised its stake in Invesco QQQ by 0.5% during the second quarter. Cheviot Value Management LLC now owns 12,390 shares of the exchange traded fund’s stock worth $5,936,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $524.80 on Wednesday. The company’s fifty day moving average is $516.10 and its 200-day moving average is $492.33. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given 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.