Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Mattern Wealth Management LLC

Mattern Wealth Management LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,892 shares of the exchange traded fund’s stock after acquiring an additional 738 shares during the period. Invesco QQQ comprises 3.4% of Mattern Wealth Management LLC’s holdings, making the stock its 7th biggest position. Mattern Wealth Management LLC’s holdings in Invesco QQQ were worth $15,282,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in QQQ. AQR Capital Management LLC lifted its holdings in Invesco QQQ by 332.0% in the second quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock valued at $5,769,000 after acquiring an additional 9,254 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Invesco QQQ by 28.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,490 shares of the exchange traded fund’s stock valued at $33,772,000 after purchasing an additional 15,648 shares during the period. SkyView Investment Advisors LLC purchased a new stake in Invesco QQQ during the second quarter worth $209,000. Magnolia Capital Advisors LLC acquired a new stake in Invesco QQQ during the second quarter valued at $368,000. Finally, Second Line Capital LLC grew its position in Invesco QQQ by 99.2% during the second quarter. Second Line Capital LLC now owns 1,894 shares of the exchange traded fund’s stock valued at $908,000 after buying an additional 943 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $513.93 on Tuesday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The company’s 50-day simple moving average is $517.86 and its 200-day simple moving average is $493.21.

Invesco QQQ Dividend Announcement

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