Dopkins Wealth Management LLC Purchases 149 Shares of Invesco QQQ (NASDAQ:QQQ)

Dopkins Wealth Management LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,358 shares of the exchange traded fund’s stock after purchasing an additional 149 shares during the period. Invesco QQQ makes up approximately 1.4% of Dopkins Wealth Management LLC’s investment portfolio, making the stock its 17th largest holding. Dopkins Wealth Management LLC’s holdings in Invesco QQQ were worth $2,739,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in QQQ. SOA Wealth Advisors LLC. grew its stake in shares of Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares during the period. Pettinga Financial Advisors LLC grew its stake in shares of Invesco QQQ by 13.6% during the third quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after purchasing an additional 1,854 shares during the period. Thrivent Financial for Lutherans grew its stake in Invesco QQQ by 7.2% in the third quarter. Thrivent Financial for Lutherans now owns 223,289 shares of the exchange traded fund’s stock valued at $108,981,000 after acquiring an additional 15,034 shares during the period. TrinityPoint Wealth LLC grew its stake in Invesco QQQ by 2.8% in the third quarter. TrinityPoint Wealth LLC now owns 4,454 shares of the exchange traded fund’s stock valued at $2,174,000 after acquiring an additional 120 shares during the period. Finally, Adaptive Financial Consulting LLC grew its stake in Invesco QQQ by 0.3% in the third quarter. Adaptive Financial Consulting LLC now owns 29,946 shares of the exchange traded fund’s stock valued at $14,616,000 after acquiring an additional 83 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.6 %

NASDAQ:QQQ opened at $482.77 on Tuesday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The stock has a market cap of $304.27 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The stock has a 50-day moving average price of $514.05 and a two-hundred day moving average price of $504.16.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. 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.