David Wealth Management LLC Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

David Wealth Management LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,233 shares of the exchange traded fund’s stock, valued at approximately $631,000. Invesco QQQ accounts for about 0.5% of David Wealth Management LLC’s holdings, making the stock its 22nd largest position.

A number of other large investors have also recently bought and sold shares of the business. Hoese & Co LLP lifted its stake in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares in the last quarter. Legacy Bridge LLC grew its position in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas bought a new stake in Invesco QQQ in the 3rd quarter worth about $62,000. Brooklyn Investment Group purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $69,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its stake in shares of Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $527.99 on Wednesday. The company has a 50 day moving average of $521.54 and a 200-day moving average of $496.40. 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 disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued 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.