Cassaday & Co Wealth Management LLC Has $18.19 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Cassaday & Co Wealth Management LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 35,575 shares of the exchange traded fund’s stock after selling 1,004 shares during the quarter. Invesco QQQ accounts for approximately 0.5% of Cassaday & Co Wealth Management LLC’s investment portfolio, making the stock its 21st biggest holding. Cassaday & Co Wealth Management LLC’s holdings in Invesco QQQ were worth $18,187,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after acquiring an additional 32,516,210 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after purchasing an additional 488,815 shares in the last quarter. Cibc World Market Inc. boosted its holdings in Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after purchasing an additional 324,948 shares during the last quarter. Finally, Empirical Asset Management LLC grew its position in Invesco QQQ by 15,676.3% in the fourth quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock valued at $103,720,000 after purchasing an additional 201,597 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.4 %

Shares of QQQ stock opened at $537.23 on Friday. The firm’s fifty day moving average price is $523.48 and its two-hundred day moving average price is $500.07. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81.

Invesco QQQ Announces Dividend

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

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.