Castle Wealth Management LLC Has $3.88 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Castle Wealth Management LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,594 shares of the exchange traded fund’s stock after selling 654 shares during the period. Invesco QQQ accounts for approximately 1.5% of Castle Wealth Management LLC’s investment portfolio, making the stock its 24th biggest position. Castle Wealth Management LLC’s holdings in Invesco QQQ were worth $3,883,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after buying an additional 2,059 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after buying an additional 11,351 shares during the last quarter. Socha Financial Group LLC boosted its position in Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after purchasing an additional 2,171 shares during the period. NRI Wealth Management LC bought a new position in Invesco QQQ during the fourth quarter worth $28,729,000. Finally, Garden State Investment Advisory Services LLC boosted its position in Invesco QQQ by 13.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after purchasing an additional 3,581 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.1 %

QQQ stock opened at $528.30 on Thursday. The company has a fifty day moving average price of $521.76 and a two-hundred day moving average price of $496.86. 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 disclosed 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 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.