TFO Wealth Partners LLC Buys New Stake in Invesco QQQ (NASDAQ:QQQ)

TFO Wealth Partners LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,745 shares of the exchange traded fund’s stock, valued at approximately $892,000. Invesco QQQ comprises 0.4% of TFO Wealth Partners LLC’s holdings, making the stock its 8th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New England Private Wealth Advisors LLC grew its position in Invesco QQQ by 6.3% in the 4th quarter. New England Private Wealth Advisors LLC now owns 18,275 shares of the exchange traded fund’s stock worth $9,343,000 after purchasing an additional 1,086 shares during the last quarter. Moors & Cabot Inc. raised its stake in shares of Invesco QQQ by 2.9% in the fourth quarter. Moors & Cabot Inc. now owns 23,717 shares of the exchange traded fund’s stock worth $12,125,000 after acquiring an additional 675 shares during the last quarter. Prosperity Wealth Management Inc. raised its stake in shares of Invesco QQQ by 49.8% in the fourth quarter. Prosperity Wealth Management Inc. now owns 38,013 shares of the exchange traded fund’s stock worth $19,433,000 after acquiring an additional 12,639 shares during the last quarter. Prosperity Financial Group Inc. acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $491,000. Finally, Warburton Capital Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $200,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $471.60 on Wednesday. The stock has a market cap of $297.23 billion, a P/E ratio of 33.43 and a beta of 1.11. The firm has a 50 day moving average price of $517.19 and a 200 day moving average price of $504.07. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81.

Invesco QQQ Dividend Announcement

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