Principle Wealth Partners LLC Has $6.74 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Principle Wealth Partners LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,185 shares of the exchange traded fund’s stock after selling 24 shares during the period. Principle Wealth Partners LLC’s holdings in Invesco QQQ were worth $6,741,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. International Private Wealth Advisors LLC increased its position in Invesco QQQ by 66.6% during the fourth quarter. International Private Wealth Advisors LLC now owns 2,073 shares of the exchange traded fund’s stock worth $1,060,000 after acquiring an additional 829 shares during the period. Equitable Trust Co. grew its position in shares of Invesco QQQ by 0.4% during the 4th quarter. Equitable Trust Co. now owns 28,106 shares of the exchange traded fund’s stock worth $14,369,000 after purchasing an additional 113 shares in the last quarter. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Invesco QQQ by 1.9% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 30,029 shares of the exchange traded fund’s stock worth $15,352,000 after purchasing an additional 566 shares during the period. Powell Investment Advisors LLC raised its position in shares of Invesco QQQ by 0.4% in the fourth quarter. Powell Investment Advisors LLC now owns 21,700 shares of the exchange traded fund’s stock valued at $11,093,000 after buying an additional 85 shares in the last quarter. Finally, Constellation Investments Inc. bought a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $85,375,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $529.25 on Tuesday. The stock’s fifty day moving average price is $521.26 and its two-hundred day moving average price is $495.90. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Dividend Announcement

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