Marcum Wealth LLC Increases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Marcum Wealth LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,566 shares of the exchange traded fund’s stock after purchasing an additional 605 shares during the period. Invesco QQQ makes up 0.9% of Marcum Wealth LLC’s portfolio, making the stock its 20th biggest position. Marcum Wealth LLC’s holdings in Invesco QQQ were worth $10,003,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. Legacy Bridge LLC boosted its stake in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas acquired a new stake in Invesco QQQ in the third quarter valued at $62,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in 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 valued at $71,000 after acquiring an additional 63 shares during the last quarter. Providence Capital Advisors LLC acquired a new position in Invesco QQQ during the 2nd quarter worth $76,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter worth about $91,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $505.56 on Tuesday. Invesco QQQ has a 1 year low of $402.92 and a 1 year high of $539.15. The firm’s 50-day simple moving average is $515.32 and its 200-day simple moving average is $491.29.

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 paid a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

Invesco QQQ 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.