RBA Wealth Management LLC Acquires Shares of 708 Invesco QQQ (NASDAQ:QQQ)

RBA Wealth Management LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 708 shares of the exchange traded fund’s stock, valued at approximately $362,000.

Other institutional investors also recently added to or reduced their stakes in the company. Calamos Wealth Management LLC grew its stake in Invesco QQQ by 5.3% during the fourth quarter. Calamos Wealth Management LLC now owns 5,365 shares of the exchange traded fund’s stock valued at $2,743,000 after acquiring an additional 270 shares in the last quarter. Patron Partners LLC boosted its position in Invesco QQQ by 17.6% during the fourth quarter. Patron Partners LLC now owns 2,795 shares of the exchange traded fund’s stock valued at $1,429,000 after buying an additional 419 shares during the period. Columbus Macro LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth $235,000. Clay Northam Wealth Management LLC lifted its holdings in Invesco QQQ by 28.5% in the 4th quarter. Clay Northam Wealth Management LLC now owns 577 shares of the exchange traded fund’s stock worth $295,000 after buying an additional 128 shares during the period. Finally, Trust Point Inc. grew its position in shares of Invesco QQQ by 36.3% in the 4th quarter. Trust Point Inc. now owns 3,365 shares of the exchange traded fund’s stock worth $1,720,000 after buying an additional 896 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $518.11 on Tuesday. The firm has a fifty day simple moving average of $519.55 and a two-hundred day simple moving average of $494.20. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15.

Invesco QQQ Dividend Announcement

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