Jacksonville Wealth Management LLC Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Jacksonville Wealth Management LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,838 shares of the exchange traded fund’s stock, valued at approximately $9,119,000. Invesco QQQ makes up about 8.5% of Jacksonville Wealth Management LLC’s portfolio, making the stock its 3rd largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hoese & Co LLP boosted its holdings in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares in the last quarter. Legacy Bridge LLC boosted its holdings in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares in the last quarter. BNP Paribas bought a new stake in Invesco QQQ during the third quarter worth approximately $62,000. Brooklyn Investment Group purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $69,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Invesco QQQ by 75.9% in 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 in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $529.63 on Friday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15. The firm has a 50 day simple moving average of $517.86 and a 200 day simple moving average of $493.31.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8347 dividend. 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.