7,177 Shares in Invesco QQQ (NASDAQ:QQQ) Acquired by Greykasell Wealth Strategies Inc.

Greykasell Wealth Strategies Inc. bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 7,177 shares of the exchange traded fund’s stock, valued at approximately $3,669,000. Invesco QQQ accounts for approximately 2.0% of Greykasell Wealth Strategies Inc.’s portfolio, making the stock its 12th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Maiden Cove Capital LLC increased its position in Invesco QQQ by 3.7% during the 4th quarter. Maiden Cove Capital LLC now owns 620 shares of the exchange traded fund’s stock worth $317,000 after purchasing an additional 22 shares in the last quarter. Associated Banc Corp grew its position in Invesco QQQ by 6.4% in the fourth quarter. Associated Banc Corp now owns 15,343 shares of the exchange traded fund’s stock valued at $7,844,000 after acquiring an additional 923 shares in the last quarter. Wellington Shields & Co. LLC grew its position in Invesco QQQ by 6.8% in the fourth quarter. Wellington Shields & Co. LLC now owns 3,751 shares of the exchange traded fund’s stock valued at $1,918,000 after acquiring an additional 240 shares in the last quarter. First National Trust Co grew its position in Invesco QQQ by 4.7% in the fourth quarter. First National Trust Co now owns 7,334 shares of the exchange traded fund’s stock valued at $3,749,000 after acquiring an additional 329 shares in the last quarter. Finally, Postrock Partners LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at approximately $220,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.4 %

Shares of NASDAQ:QQQ opened at $479.66 on Friday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The company has a 50 day moving average of $514.89 and a two-hundred day moving average of $503.66. The company has a market capitalization of $302.31 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

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