Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Crown Wealth Group LLC

Crown Wealth Group LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 317.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,500 shares of the exchange traded fund’s stock after purchasing an additional 2,661 shares during the period. Invesco QQQ makes up about 0.7% of Crown Wealth Group LLC’s investment portfolio, making the stock its 25th largest position. Crown Wealth Group LLC’s holdings in Invesco QQQ were worth $1,789,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after purchasing an additional 2,059 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of 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 in the last quarter. Socha Financial Group LLC increased its stake in shares of Invesco QQQ by 2.4% in the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after buying an additional 2,171 shares during the last quarter. NRI Wealth Management LC acquired a new stake in Invesco QQQ in the fourth quarter valued at $28,729,000. Finally, Garden State Investment Advisory Services LLC boosted its stake in Invesco QQQ by 13.1% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after acquiring an additional 3,581 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $514.56 on Thursday. The firm has a fifty day moving average of $522.53 and a two-hundred day moving average of $502.62. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The firm has a market cap of $324.30 billion, a P/E ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders 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.