Abound Wealth Management Grows Position in Invesco QQQ (NASDAQ:QQQ)

Abound Wealth Management grew its stake in Invesco QQQ (NASDAQ:QQQ) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,848 shares of the exchange traded fund’s stock after buying an additional 50 shares during the quarter. Invesco QQQ makes up 0.5% of Abound Wealth Management’s portfolio, making the stock its 27th biggest holding. Abound Wealth Management’s holdings in Invesco QQQ were worth $1,456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in Invesco QQQ by 159.6% in the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after acquiring an additional 2,059 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after buying an additional 11,351 shares in the last quarter. Socha Financial Group LLC boosted its stake in Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after buying an additional 2,171 shares during the last quarter. NRI Wealth Management LC purchased a new position in Invesco QQQ during the 4th quarter valued at approximately $28,729,000. Finally, Garden State Investment Advisory Services LLC increased its position in Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after purchasing an additional 3,581 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.6 %

QQQ traded down $3.11 on Monday, hitting $504.08. The company had a trading volume of 24,871,088 shares, compared to its average volume of 33,356,918. The business’s fifty day simple moving average is $514.92 and its 200 day simple moving average is $491.12. Invesco QQQ has a 12-month low of $402.92 and a 12-month high of $539.15.

Invesco QQQ Announces Dividend

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