Redmont Wealth Advisors LLC Takes Position in Invesco QQQ $QQQ

Redmont Wealth Advisors LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,154 shares of the exchange traded fund’s stock, valued at approximately $1,293,000. Invesco QQQ comprises 1.8% of Redmont Wealth Advisors LLC’s portfolio, making the stock its 10th largest holding.

Other institutional investors also recently modified their holdings of the company. Navigoe LLC lifted its stake in shares of Invesco QQQ by 300.0% in the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 45 shares during the period. PayPay Securities Corp boosted its holdings in Invesco QQQ by 78.9% during the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 30 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter worth about $42,000. Moser Wealth Advisors LLC grew its position in shares of Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 93 shares during the period. Finally, Canoe Financial LP bought a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $64,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key Stories Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Price Performance

Invesco QQQ stock opened at $605.79 on Thursday. The company’s 50 day simple moving average is $616.94 and its 200 day simple moving average is $604.62. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a $0.7941 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.18 annualized dividend and a dividend yield of 0.5%.

Invesco QQQ Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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