Heritage Wealth Management Inc. CA Purchases 1,800 Shares of Invesco QQQ (NASDAQ:QQQ)

Heritage Wealth Management Inc. CA grew its position in Invesco QQQ (NASDAQ:QQQ) by 350.9% during the 4th quarter, HoldingsChannel reports. The fund owned 2,313 shares of the exchange traded fund’s stock after purchasing an additional 1,800 shares during the period. Heritage Wealth Management Inc. CA’s holdings in Invesco QQQ were worth $1,182,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC boosted its stake in shares of Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after purchasing an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC lifted its holdings in Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after buying an additional 4,105,389 shares in the last quarter. Artemis Wealth Advisors LLC boosted its position in Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock valued at $423,470,000 after buying an additional 895,277 shares during the period. Toronto Dominion Bank grew its stake in Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after acquiring an additional 488,815 shares in the last quarter. Finally, Cibc World Market Inc. increased its position in shares of Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after acquiring an additional 324,948 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $490.66 on Tuesday. The company has a market capitalization of $309.24 billion, a PE ratio of 30.74 and a beta of 1.11. The company has a 50 day moving average price of $511.00 and a 200-day moving average price of $504.66. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.