Vantage Point Financial LLC Buys Shares of 2,886 Invesco QQQ (NASDAQ:QQQ)

Vantage Point Financial LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,886 shares of the exchange traded fund’s stock, valued at approximately $1,476,000. Invesco QQQ accounts for 0.8% of Vantage Point Financial LLC’s investment portfolio, making the stock its 29th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. JP Wealth Management Inc. purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $10,960,000. Holistic Planning LLC grew its stake in shares of Invesco QQQ by 9.7% in the fourth quarter. Holistic Planning LLC now owns 6,736 shares of the exchange traded fund’s stock valued at $3,444,000 after buying an additional 596 shares in the last quarter. Financial Life Planners purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at $23,626,000. Wealthspan Partners LLC lifted its stake in Invesco QQQ by 9.4% during the 4th quarter. Wealthspan Partners LLC now owns 3,278 shares of the exchange traded fund’s stock worth $1,676,000 after acquiring an additional 281 shares in the last quarter. Finally, HFG Advisors Inc. lifted its stake in Invesco QQQ by 1.9% during the 4th quarter. HFG Advisors Inc. now owns 21,692 shares of the exchange traded fund’s stock worth $11,089,000 after acquiring an additional 398 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.8 %

NASDAQ QQQ opened at $518.11 on Tuesday. The stock has a 50-day moving average of $519.55 and a two-hundred day moving average of $494.20. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15.

Invesco QQQ Dividend Announcement

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