Werba Rubin Papier Wealth Management Boosts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Werba Rubin Papier Wealth Management grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 7.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,351 shares of the exchange traded fund’s stock after purchasing an additional 172 shares during the period. Werba Rubin Papier Wealth Management’s holdings in Invesco QQQ were worth $1,202,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. SOA Wealth Advisors LLC. lifted its position in shares of Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after acquiring an additional 46 shares in the last quarter. Northwest Investment Counselors LLC increased its stake in shares of Invesco QQQ by 4.5% during the 3rd quarter. Northwest Investment Counselors LLC now owns 2,488 shares of the exchange traded fund’s stock valued at $1,214,000 after acquiring an additional 107 shares during the last quarter. Venture Visionary Partners LLC raised its stake in Invesco QQQ by 21.5% during the third quarter. Venture Visionary Partners LLC now owns 94,846 shares of the exchange traded fund’s stock worth $46,292,000 after purchasing an additional 16,801 shares during the period. Kennicott Capital Management LLC grew its position in Invesco QQQ by 0.5% during the third quarter. Kennicott Capital Management LLC now owns 121,659 shares of the exchange traded fund’s stock valued at $59,378,000 after acquiring an additional 608 shares during the period. Finally, Waterway Wealth Management LLC grew its holdings in shares of Invesco QQQ by 7.0% during the 3rd quarter. Waterway Wealth Management LLC now owns 857 shares of the exchange traded fund’s stock worth $418,000 after purchasing an additional 56 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.2 %

Shares of Invesco QQQ stock opened at $539.37 on Wednesday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.00. The company has a fifty day moving average price of $523.07 and a 200 day moving average price of $499.53.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid 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.