Veridan Wealth LLC Purchases Shares of 4,435 Invesco QQQ (NASDAQ:QQQ)

Veridan Wealth LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,435 shares of the exchange traded fund’s stock, valued at approximately $2,298,000. Invesco QQQ comprises 1.1% of Veridan Wealth LLC’s holdings, making the stock its 29th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. PayPay Securities Corp grew its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares during the period. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth about $37,000. Hoese & Co LLP boosted its stake in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at about $51,000. Finally, Legacy Bridge LLC increased its stake in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.8 %

NASDAQ QQQ opened at $500.27 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The stock has a 50-day moving average of $522.25 and a 200 day moving average of $502.61. The stock has a market capitalization of $315.30 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend 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.