Foguth Wealth Management LLC. Has $3.84 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Foguth Wealth Management LLC. raised its stake in Invesco QQQ (NASDAQ:QQQ) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,257 shares of the exchange traded fund’s stock after acquiring an additional 489 shares during the quarter. Foguth Wealth Management LLC.’s holdings in Invesco QQQ were worth $3,843,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after buying an additional 32,516,210 shares during the period. Toronto Dominion Bank grew its stake in shares of Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after buying an additional 488,815 shares during the period. Cibc World Market Inc. raised its stake in Invesco QQQ by 90.0% during the 4th quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after buying an additional 324,948 shares during the period. Empirical Asset Management LLC raised its position in shares of Invesco QQQ by 15,676.3% during the fourth quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after purchasing an additional 201,597 shares during the period. Finally, Main Management ETF Advisors LLC raised its holdings in Invesco QQQ by 33.5% during the third quarter. Main Management ETF Advisors LLC now owns 731,920 shares of the exchange traded fund’s stock worth $357,228,000 after buying an additional 183,550 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $524.47 on Wednesday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The stock’s fifty day simple moving average is $520.08 and its two-hundred day simple moving average is $494.82.

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.

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.