MTM Investment Management LLC Buys 117 Shares of Invesco QQQ (NASDAQ:QQQ)

MTM Investment Management LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,276 shares of the exchange traded fund’s stock after buying an additional 117 shares during the period. MTM Investment Management LLC’s holdings in Invesco QQQ were worth $653,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Tranquility Partners LLC grew its position in Invesco QQQ by 5.0% during the fourth quarter. Tranquility Partners LLC now owns 3,177 shares of the exchange traded fund’s stock worth $1,637,000 after buying an additional 150 shares in the last quarter. Hemington Wealth Management grew its position in Invesco QQQ by 18.2% during the fourth quarter. Hemington Wealth Management now owns 890 shares of the exchange traded fund’s stock worth $454,000 after buying an additional 137 shares in the last quarter. Ingalls & Snyder LLC grew its position in Invesco QQQ by 11.5% during the fourth quarter. Ingalls & Snyder LLC now owns 3,526 shares of the exchange traded fund’s stock worth $1,803,000 after buying an additional 365 shares in the last quarter. Fiera Capital Corp grew its position in Invesco QQQ by 3.5% during the fourth quarter. Fiera Capital Corp now owns 719,746 shares of the exchange traded fund’s stock worth $367,956,000 after buying an additional 24,203 shares in the last quarter. Finally, Hidden Cove Wealth Management LLC acquired a new stake in Invesco QQQ during the fourth quarter worth about $671,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $528.30 on Thursday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The business’s 50-day simple moving average is $521.76 and its 200 day simple moving average is $496.86.

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 issued a dividend of $0.8347 per share. 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.