Weaver Consulting Group Has $1.85 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Weaver Consulting Group grew its position in Invesco QQQ (NASDAQ:QQQ) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,610 shares of the exchange traded fund’s stock after buying an additional 43 shares during the quarter. Weaver Consulting Group’s holdings in Invesco QQQ were worth $1,845,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of QQQ. Legacy Bridge LLC grew its stake in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. BNP Paribas bought a new position in Invesco QQQ during the third quarter worth about $62,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in 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 buying an additional 63 shares during the last quarter. Providence Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the 2nd quarter worth about $76,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $91,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 1.8 %

Shares of NASDAQ:QQQ opened at $515.18 on Wednesday. The company has a 50 day moving average price of $513.51 and a two-hundred day moving average price of $490.39. Invesco QQQ has a 52 week low of $397.84 and a 52 week high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently disclosed 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 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.