Ashton Thomas Private Wealth LLC Grows Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Ashton Thomas Private Wealth LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 36,011 shares of the exchange traded fund’s stock after purchasing an additional 1,454 shares during the period. Invesco QQQ comprises about 0.7% of Ashton Thomas Private Wealth LLC’s holdings, making the stock its 26th largest position. Ashton Thomas Private Wealth LLC’s holdings in Invesco QQQ were worth $18,410,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Stephens Consulting LLC increased its stake in Invesco QQQ by 0.4% during the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after buying an additional 19 shares during the period. Planning Capital Management Corp increased its stake in Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after buying an additional 20 shares during the period. Cardinal Point Capital Management ULC increased its stake in Invesco QQQ by 0.5% during the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after buying an additional 20 shares during the period. Hoese & Co LLP grew its holdings in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. grew its holdings in Invesco QQQ by 1.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock worth $559,000 after acquiring an additional 20 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $488.20 on Friday. The firm has a market cap of $307.69 billion, a P/E ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The firm has a fifty day moving average of $519.46 and a two-hundred day moving average of $503.75.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. 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.